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Monday Jan 30, 2023

Elon Musk Defrauded Investors | Tesla owner Elon Musk reprimanded by the court, deliberately defrauded investors, read full news


Elon Musk

file photo

San Francisco: Billionaire businessman Elon Musk appeared in court to hear a case related to a ‘misleading’ tweet made in connection with the purchase of his electric vehicle company Tesla. The matter pertains to two tweets made by Musk on August 7, 2018. Musk had said in both the tweets that he had arranged enough money to buy Tesla. However, the deal never materialized. Tesla’s shareholders then sued Musk, saying that his tweet caused them huge losses. Musk appeared in a San Francisco court wearing a black suit.

Tweeting is the most democratic way to communicate with investors

His attorney requested the case be transferred to Tesla’s headquarters in Texas, which was turned down by the court. A nine-judge jury will decide whether the tweets substantially harmed Tesla shareholders over a ten-day period. In this case, Musk has admitted that the purchase he had planned could not materialize. Musk tweeted that he had raised $72 billion to buy Tesla. At that time Tesla was struggling with production problems. After this, he had tweeted another that a deal in this regard is going to be done soon, whereas no such deal has happened. Musk, who bought Twitter last year for $44 billion, told the court on Friday that tweeting was the “most democratic way” of communicating with investors.

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Jury to decide whether Musk intentionally defrauded investors

He said in response to a question asked by shareholder advocate Nicolas Porritt that I care a lot for retail investors. However, Musk also said that due to the set limit of words on Twitter, the matter cannot be said in detail on this platform. Federal court judges have already determined that both of Musk’s tweets were false. Now during the hearing, the jury will decide whether Musk intentionally defrauded investors and whether it caused them loss.



In America, an Indian intentionally dropped his car in a dangerous ditch, narrowly saved his wife and children. Indian-origin man arrested in US for deliberately driving car off cliff

According to the US police, the accused will be sent to the San Mateo County Jail after being discharged from the hospital. California’s Highway Patrol Police said that the accused Dharmesh, his wife and children survived the accident, all have been rescued and saved.

In America, Indian intentionally dropped car in dangerous ditch, wife and children narrowly escaped

Indian-origin man deliberately throws Tesla car off cliff

Image credit source: twitter

A 41-year-old Indian-origin man in the US has been charged with attempted murder and child abuse Arrested on suspicion of. According to the information, the accused deliberately dropped Tesla from a cliff along with his wife and two children. The accused has been identified as Dharmesh A. Patel, he lives in Pasadena, California.

According to the US police, the accused will be sent to the San Mateo County Jail after being discharged from the hospital. California’s Highway Patrol Police said that the accused Dharmesh, his wife and children survived the accident, all have been rescued and saved.

This is how the rescue operation happened

He told that fire fighters were engaged in the rescue operation. Who removed the rock to save two children, a 4-year-old girl and a 9-year-old boy. Then the rescue team took the couple out of the car with the help of a helicopter. Local newspapers have described this rescue as almost miraculous as the Tesla car fell 250 to 300 feet.

willfully put life in danger

A police statement said, “Based on the evidence gathered, investigators have determined this incident to be a premeditated incident.” Police created the incident to know the aspects of this accident.

Eyewitnesses had informed the police

Incident commander Brian Potanger of the California Department of Forestry and Fire Protection said that people present at the scene called 911 after the accident. We were really shocked when we found the remaining victims in the vehicle, Potenger said. Dharmesh is being charged with three counts of attempted murder and two counts of child abuse, said Andrew Barclay, an officer with the Highway Patrol’s Golden Gate Division. Planned.

 

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