International
Elon Musk takes stand in Tesla tweet fraud trial
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.”
“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.
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.
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.
International
Argentina’s Milei opens dialogue with parties to push “Second-Generation Reforms”
Empowered by his midterm election victory, Argentine President Javier Milei is relaunching his administration and opening dialogue with other political forces, focusing on three major reforms: tax, labor, and pension systems, which form the core of his ultra-liberal agenda.
The government approached the legislative elections amid financial turbulence, which eased following Milei’s triumph. It now faces the challenge of reviving a stagnant economy while consolidating its political project.
The first step will be negotiating the country’s first budget law in two years, with the vote likely postponed until December, when the government expects to have more favorable numbers in Congress.
Milei’s party will have an expanded bloc, but it will not gain full control of the legislature. Preliminary results indicate that, starting December 10, the administration will hold around 100 of 257 seats in the Chamber of Deputies and 19 of 72 seats in the Senate.
To advance his so-called “second-generation reforms” in 2026, Milei has called for dialogue with provincial governors and other political parties.
International
Melissa leaves path of destruction in Caribbean, 735,000 evacuated in Cuba
Hurricane Melissa caused significant damage and widespread flooding in Cuba on Wednesday (October 29, 2025), following its devastating passage through Jamaica as the strongest storm to make landfall in the island in 90 years.
After striking Jamaica as a Category 5 hurricane with violent winds and torrential rains, the Jamaican government declared the country a disaster zone. In Haiti, the cyclone has already caused 20 fatalities, although authorities expect the number to rise due to an unknown number of missing persons.
In Jamaica, there were three deaths, the same number reported in Panama, and one death in the Dominican Republic.
Melissa then made landfall in eastern Cuba with slightly reduced strength and maximum sustained winds of 195 km/h. “It has been a very difficult night. Significant damage has occurred, and Hurricane Melissa is still over Cuban territory,” said President Miguel Díaz-Canel in his first assessment of the situation.
In Santiago de Cuba, the second-largest city in the eastern region, the storm flooded homes and streets and knocked down trees, utility poles, and power lines. Cuban authorities reported that around 735,000 people were evacuated, particularly in the provinces of Santiago de Cuba, Holguín, and Guantánamo.
International
Jamaica faces widespread destruction as hurricane Melissa hits the island
Jamaican authorities reported on Tuesday that Hurricane Melissa, which weakened to a Category 4 storm just hours after making landfall in Jamaica, caused damage to six hospitals and left roads flooded, along with downed power lines and fallen trees, according to preliminary data.
Videos shared by local media and social media users show strong gusts of wind impacting Kingston in the southeast and southern municipalities of the island, causing power outages and damaging the roofs of several homes.
Flooded roads and damage to several medical institutions have also been reported. The Bustamante Children’s Hospital in Kingston experienced blocked access after a utility pole fell onto its premises. Part of the Savanna-la-Mar Public General Hospital in Westmoreland also suffered severe damage when hurricane-force winds ripped off its roof.
Additionally, Health and Wellness Minister Christopher Tufton reported on Tuesday that four hospitals sustained “significant damage” due to Melissa. The affected medical facilities are Noel Holmes Hospital in Hanover, Black River Hospital in Saint Elizabeth, Cornwall Regional Hospital in Saint James, and Falmouth Hospital in Trelawny.
At Cornwall Regional Hospital, damage was limited to staff areas, which have since been repurposed for other uses. The Ministry stated that it is actively coordinating with the Southern Regional Health Authority and emergency services to stabilize hospital operations.
Argentina’s Milei opens dialogue with parties to push “Second-Generation Reforms”
Melissa leaves path of destruction in Caribbean, 735,000 evacuated in Cuba
Jamaica faces widespread destruction as hurricane Melissa hits the island
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