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Elon Musk goes to trial after being sued by Tesla shareholders for fraud – BBC News

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is being sued by shareholders arguing he manipulated the firm’s share price.

The case centres on tweets from 2018, saying that he would take private. US regulators removed Mr Musk as chairman because of the posts.

However, the CEO argued he believed that he had secured funding from ’s Investment Fund, and did not commit securities .

Mr Musk said he cannot get a fair trial in San Francisco.

He wanted the trial to take place in – where he has moved ’s headquarters – but that was rejected and a jury has been selected.

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