A California jury has ruled in favor of Elon Musk, finding the Tesla CEO not liable for losses experienced by shareholders following his 2018 tweet about taking the electric car maker private. The jury found that Musk did not act with “actual malice” or with the intent to harm investors, resulting in him having to forfeit his position as Tesla’s executive chairman and pay millions of dollars in fines and legal fees. The verdict is a relief for Musk, who has been under intense scrutiny since the tweet was sent and could have had a major impact on the future of Tesla and his role as CEO.
Posts tagged as “Hamzah Alsaudi”
In his new memoir, former Secretary of State Mike Pompeo has criticized the international reaction to the killing of Washington Post columnist Jamal Khashoggi, dismissing him as an "activist" rather than a journalist. Pompeo wrote that the media helped spread "faux outrage" and should have been more clear about Khashoggi's background and motives for writing his opinion articles. His comments come as the international community continues to grapple with the implications of Khashoggi's killing, which sparked outrage around the world.
Elon Musk took the witness stand for a second day on Monday in a trial over a controversial tweet from 2018, in which he claimed he had "funding secured" to take Tesla private for $420 a share. Musk is attempting to explain the thought process behind the tweet and push back at the idea that it was partly a joke. U.S. Judge Edward Chen has already ruled the tweet was false and reckless, and Musk is now trying to convince the jury that he did not know the tweet was false when he sent it.
A San Francisco State University student is missing after going for a swim at Esplanade Beach in Pacifica, California on Thursday morning. The U.S. Coast Guard, California Highway Patrol, San Bruno Police Department, and California State Parks Ocean Life Guards have been called in to assist in the search for 22-year-old Hamzah Alsaudi. Friends of Alsaudi are expressing their concern and asking anyone with information to contact the Pacifica Police Department.