HomeAbout

TL;DR CNBC


Elon Musk attorneys aim to move trial from California to Texas, citing ‘local negativity’ - TL;DR CNBC

Elon Musk attorneys aim to move trial from California to Texas, citing ‘local negativity’

Publishing timestamp: 2023-01-07 08:56:43


Summary

Elon Musk and Tesla are facing a jury trial in a class action lawsuit that claims Musk manipulated Tesla's stock in 2018. Musk's attorneys are asking for the trial to be moved out of San Francisco due to the local negativity towards Musk, from press and politicians. They argue that the jury pool in San Francisco is likely to hold personal and material bias against Musk due to recent layoffs at one of his companies and the negative publicity surrounding events. They have subpoenaed four people from the Saudi Public Investment Fund to testify in the trial.


Sentiment: NEGATIVE

Tickers: TSLA

Keywords: elon musksocial medialawsuitsbusiness newsautostechnologytesla inc

Source: https://www.cnbc.com/2023/01/07/elon-musk-attorneys-aim-to-move-trial-from-california-to-texas-citing-local-negativity.html


Developed by Leo Phan