International

Elon Musk takes stand in Tesla tweet fraud trial

Photo: Reuters

January 23 | By AFP | Glenn Chapman |

Tesla CEO Elon Musk took the stand in a California fraud trial on Friday, accused of lying in tweets about taking the auto company private, punishing investors.

Musk was called to testify by lawyers for angry investors who accuse him of costing them millions of dollars in 2018 with untrue tweets about having funding secured to buy out shareholders at $420 a share.

The multi-billionaire’s tweets sent the Tesla share price on a rollercoaster ride and Musk was sued by shareholders who say the tycoon acted recklessly in an effort to squeeze investors who had bet against the company.

Musk, who bought Twitter itself in October, downplayed the power of his tweets noting under questioning that he once posted that he thought Tesla share price was too high, and “it went higher, which is counter-intuitive.”

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“What I’m trying to say is that the causal relationship is clearly not there simply because of a tweet,” Musk said in a testimony that lasted only thirty minutes and was to be continued on Monday.

The hearing on Friday began with Harvard law and business professor Guhan Subramanian, who was called as an expert witness by the plaintiffs.

He called Musk’s tweeted proposal to take Tesla private as “illusory” and “just wrong” in how it deviated wildly from the way such mega-deals usually take place.

“All I can say is this is just wrong; as a matter of deal process… this isn’t correct,” Subramanian said while being questioned by a defense lawyer about Musk’s tweets.

‘Reckless’ words

Testimonies in the trial opened Wednesday with a lawyer for the upset investors telling jurors Musk lied about having funding in place.

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Nicholas Porritt, who represents lead plaintiff Glen Littleton and other Tesla investors, said the tweets cost “regular people” to lose “millions and millions of dollars.”

Called as the first witness, 71-year-old Littleton told jurors he was heavily invested in Tesla in 2018 in a way that banked on the share price climbing to $500 or more.

Littleton testified that he was “pretty shocked” by Musk’s tweet about taking the company private at $420 a share because it threatened almost all the money he had invested in Tesla.

“It was going to pretty much wipe me out,” Littleton said.

Littleton told jurors he scrambled to save what he could of his investments, getting out of most of his positions at a huge loss.

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Musk is expected to continue testifying at trial on Monday, when his lawyers will get a chance to refute the accusation that he was being deceitful.

The case revolves around a pair of tweets in which Musk said “funding secured” for a project to buy out the publicly traded electric automaker, then in a second tweet added that “investor support is confirmed.”

Porritt told jurors that Musk had selected the $420 share price in the tweet “as a joke” and that the funding to take Tesla private was never locked in, nor credibly pursued.

In his own opening remarks, Musk attorney Alex Spiro said that even though the tweets may have been a “reckless choice of words”, they were “not fraud, not even close.”

The fraud trial is expected to last three weeks.

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International

Spain rebukes U.S. over euthanasia case as minister defends legal framework

Spain’s Minister of Health, Mónica García, on Wednesday responded to the administration of U.S. President Donald Trump after reports that Washington requested an investigation into the euthanasia case of Spanish citizen Noelia Castillo.

The minister questioned the U.S. government’s stance and urged it not to interfere in matters governed by Spain’s legal and healthcare framework. “Stop fueling an international ultra agenda by meddling everywhere,” García wrote in a message on the social platform X.

In her remarks, García also criticized the U.S. healthcare system, noting that thousands of people die each year without access to medical coverage. She further accused the Trump administration of supporting actions that undermine human rights in international contexts.

García defended the legality of euthanasia in Spain, emphasizing that the procedure is strictly regulated and subject to medical and judicial oversight. “Spain is a serious country, with a strong healthcare system and a legal framework that protects individuals, including those who choose to seek assistance in dying under regulated conditions reviewed by clinical committees and upheld by the courts,” she said.

The case of Noelia Castillo, a 25-year-old woman living with paraplegia, drew widespread attention following a legal dispute with her father, who opposed her decision to undergo euthanasia. The procedure was ultimately carried out in accordance with Spanish law.

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International

New York City lifts TikTok ban on government devices under new security rules

New York City has lifted its ban on TikTok on government-owned devices, allowing city agencies to resume posting on the platform under newly established security protocols, Mayor Zohran Mamdani announced Tuesday.

The initial ban, implemented in 2023 by former mayor Eric Adams, aligned with federal and state-level restrictions across the United States, which limited the use of TikTok on official devices over concerns related to its parent company, ByteDance. The company has previously denied these concerns, calling them unfounded.

Under the updated guidelines issued by the city’s Cyber Command, devices designated for TikTok use by government agencies must not store or access sensitive information. Officials indicated that the policy shift is intended to enhance communication with residents.

“The Mamdani Administration is committed to using every tool in our toolbox to communicate with New Yorkers,” the mayor’s office said in a statement.

Following the announcement, the mayor’s official TikTok account resumed activity after remaining inactive since the ban was first enforced.

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International

Rubio signals possible engagement with Iranian factions amid internal divisions

U.S. Secretary of State Marco Rubio said Monday that Washington is hopeful of engaging with factions within the government of Iran, noting that the United States has received positive private signals.

Speaking to ABC News’ Good Morning America, Rubio suggested that internal divisions exist within the Islamic Republic and expressed confidence that figures with the authority to act could emerge.

“We are hopeful that this will be the case,” Rubio said. “Clearly, there are people there who are communicating with us in ways that those previously in power in Iran did not. This is reflected in some of the steps they appear willing to take.”

Despite this, Rubio maintained a firm stance toward Iran, reiterating that the ongoing conflict seeks to eliminate its capacity to develop nuclear weapons—an objective that President Donald Trump has previously claimed was achieved during a military strike last year.