Elon Musk never fails to stir headlines with his activities. The Tesla CEO’s acquisition of Twitter and what followed has been one of the biggest news of 2022. Musk has landed into another legal trouble because of one of his tweets that dates back to August 2018 regarding Tesla Inc.
The South African billionaire has been sued by the company’s shareholders for allegedly manipulating Tesla’s stock prices. The prospective jurors have called him a “narcissistic” person and that he is “off his rocker“. So let’s find out the details of this entire ordeal.
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Elon Musk Called “Narcissistic” By Prospective Jurors
It seems like Musk and legal troubles are destined to go hand in hand with each other. Musk has been facing a trial after being sued by Tesla shareholders for allegedly manipulating stock prices.
According to a BBC report, possible jurors have called out the billionaire’s behavior. “I think he’s a little off his rocker, on a personal level,” one of them wrote on a questionnaire.
Another possible juror said that one cannot “judge a person until you walk in their shoes,” further adding that the billionaire seemed “narcissistic“. The Twitter chief had asked for the trial to move to Texas, alleging that a fair jury won’t be possible in San Francisco.
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Musk’s 2018 Tweet That Led To This
On August 7, 2018, Musk tweeted that he has enough funds to take Tesla private. He said that he had “funding secured” estimated to be around $72 billion. However, no such deal took place.
US regulators removed him from the post of Tesla chairman as a result. According to shareholders, the tweet cost them billions of dollars believing it to be true. Musk argues that he had secured funding from Saudi Arabia’s Investment Fund but it didn’t materialize.
The Securities and Exchange Commission had ordered the tech mogul to step down as Tesla’s chairman board and pay a fine of $20 million. The company had to pay another $20 million.
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