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.
Read more on deadline.com
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