Elon Musk claimed in a 2018 tweet that he had lined up the financing to pay for a $72 billion buyout of Tesla. But the buyout never materialized and now Musk will have to explain his actions under oath in a federal court.
Chen dealt Musk another setback on Friday, when he rejected Musk’s bid to transfer the trial to a federal court in Texas, where Tesla moved its headquarters in 2021. Musk had argued that negative coverage of his Twitter purchase had poisoned the jury pool in the San Francisco Bay Area.
Elon Musk is a Stanford dropout, co-founder of six companies, including SpaceX and Tesla, and is one of the richest men in the world.
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