Texas

Elon Musk’s Tesla 420 fraud trial begins today in San Francisco.

Elon Musk is involved in a fraud trial involving Twitter and Tesla, with jury selection beginning Tuesday, January 17 in San Francisco.

Recall, if you like, the viral moment on August 7, 2018, when Musk tweeted that he was considering privatizing Tesla and secured the buyout funding at $420 a share.

Here is that tweet.

Musk was originally thought to be “epic”, using the weed number to get attention. But a week later, when the buyback still hadn’t happened, the SEC launched an investigation.

The electric car company’s share price has fluctuated wildly over the course of this week, with new details emerging, largely due to Musk’s lack of secured funding. A federal judge later ruled that Musk’s tweets were misleading and that he was “recklessly making statements knowing they were false.”

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