Elon Musk wants to move trial away from San Francisco over ‘local negativity’
Elon Musk has asked a judge to move an upcoming trial for a shareholder lawsuit out of San Francisco, citing concerns that the jury may have a bias against him, as reported earlier by CNBC. In a Friday filing, Musk requests that the judge relocate the trial to West Texas due to the “local negativity” in the Bay Area surrounding Elon Musk and his businesses, preventing a fair trial.
The shareholder class action lawsuit, which accuses Musk of manipulating Tesla’s stock, stems from the billionaire’s now-infamous 2018 tweet that claimed he had the “funding secured” to take Tesla private. Tesla’s stock reached extreme highs and lows in the weeks following the tweet, and resulted in a $40 million fine from the Securities and Exchange...