Question raised in multibillion-dollar lawsuit over Elon Musk Tesla tweet
A judge in a lawsuit over a tweet Elon Musk sent in 2018 about Tesla has asked for an explanation about a calculation. Less than a month before a class action lawsuit over an infamous Elon Musk tweet goes to trial, a judge this week ordered expert witnesses to explain themselves, a possible sign a case that could cost Musk billions of dollars in damages may be in peril. Musk is scheduled to go on trial Jan. 17 in a California federal court, where he would square off against Tesla shareholders who alleged his 2018 tweet s about taking Tesla private cost them millions by causing volatility in the company's stock price. "While some market participants expressed skepticism about Musk's tweet s, many also accepted them as accurate and truthful as seen by the increase in Tesla's stock price towards the announced deal price of $420," wrote plaintiffs' attorney Adam Apton in a recent trial brief. "As a result of the turmoil in the prices for Tesla stock, opt...