Elon Musk Fraud Trial to Open Tuesday in San Francisco

A lawsuit against Elon Musk, accused by investors of writing a fraudulent tweet, is set to begin on Tuesday in San Francisco after a judge denied a request by Tesla’s boss’s lawyers to move the case out of California.

The case dates back to the summer of 2018, when Elon Musk tweeted that he had enough funds to take Tesla out of the stock market, and the message sent stocks fluctuating for days.

A complaint was filed against a business executive on August 10 for “artificially manipulating the price of Tesla’s stock to completely ruin investors” who had bet on the price drop. Four and a half years later, it seems that the last barrier to a trial has been lifted.

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