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A lawsuit stemming from Musk’s tweets in 2018 alleging he had financing to take Tesla private is at the center of the suit.
It has been reported that Elon Musk has requested that a trial in a shareholder suit be moved out of San Francisco due to the potential bias of the jury pool.
The lawyers for Musk made the request in a filing on Friday, less than two weeks before the Jan. 17 trial is scheduled to begin.
The plaintiffs are seeking to move the case from the western district of Texas to the federal court located in Dallas.
Musk’s electric car company, Tesla, relocated to that district in late 2021, which includes the state capital, Austin.
Musk tweeted in August 2018 that he had sufficient financing to take Tesla private for $420 a share, Share prices of the company swung wild as a result of the move, Earlier this year, a judge ruled Musk’s tweets were reckless and false.
When moving the trial isn’t possible, Musk’s lawyers want it postponed until negative publicity regarding his purchase of Twitter subsides.
As Alex Spiro points out in a court filing, the local media has been bombarding this district with biased and negative stories about Mr. Musk for several months.
Spiro wrote that some news articles blame Musk for recent layoffs at Twitter and claim the job cuts may even be illegal. In addition to this, Musk’s attorneys note in the filing that Twitter has laid off about 1,000 employees in the San Francisco area since he bought Twitter at the end of October.
Musk’s concerns and motion are unfounded, according to shareholders’ attorneys, who pointed out the last-minute timing of the request.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| TSLA | TESLA INC. | 113.06 | +2.72 | +2.47% |
In addition, the mayor of San Francisco and other local officials have criticized Musk’s job cuts.
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