Elon Musk wants to move a shareholder class action lawsuit from San Francisco to West Texas, claiming a lack of unbiased jurors in the Bay Area.
A federal judge is mulling the motion. Musk and other Tesla board members are confronting a lawsuit that claims he manipulated Tesla’s stock in 2018.
That was when he tweeted he was taking the company private at $420 per share and had “funding secured” to do so. The “420” was considered to be a joking reference to a time associated with marijuana smoking.
The stock soared on the tweet, then seesawed for weeks. In 2018, Musk lived in California and Tesla was headquartered in Palo Alto, Calif.
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