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
Japan lifts tsunami alert after strong 7.6-magnitude earthquake hits northern coast
A powerful 7.6-magnitude earthquake struck Japan’s northern coast on Monday, triggering several tsunami waves of up to 70 centimeters, authorities said. The tsunami alert was lifted in the early hours of Tuesday.
According to the U.S. Geological Survey (USGS), the quake occurred at 11:15 p.m. local time (14:15 GMT) off the coast of Misawa, at a depth of 53 kilometers. Japan’s Meteorological Agency (JMA) immediately issued a tsunami warning. The first wave reached a port in Aomori Prefecture at 11:43 p.m. (14:43 GMT), followed by others measuring up to 70 centimeters.
Public broadcaster NHK reported that an employee at a hotel in the city of Hachinohe confirmed that several people were injured. Live footage showed shattered glass scattered across roads, while many residents evacuated to the city hall seeking shelter.
The strong tremor was also felt in Sapporo, where emergency alerts were sent to residents’ mobile phones. A reporter in Hokkaido described a horizontal shaking that lasted around 30 seconds, making it difficult to stay standing.
Before the alert was lifted, the JMA had warned of the possibility of tsunami waves up to three meters high along Japan’s Pacific coast. Government spokesperson Minoru Kihara urged residents to remain in safe areas until the warning was officially lifted.
International
Interior Dept. redefines 2026 Patriotic Days, sparking criticism over removed civil rights holidays
A statement from the Department of the Interior announced that there will be eight designated “patriotic” days in 2026, most of them different from those recognized in the previous two years.
In addition to June 14, 2026—which marks both Flag Day and Donald Trump’s 80th birthday—the calendar includes Presidents’ Day on February 16, Memorial Day on May 5 in honor of U.S. soldiers killed in combat, Independence Day weekend from July 3–5, Constitution Day on September 17, and Veterans Day on November 11, which honors former service members.
Martin Luther King Jr. Day (January 19, 2026) and Juneteenth (June 19)—a holiday commemorating the end of slavery—are typically included among free-entry days but have now been removed.
Critics argue that the changes are designed to promote the president while downplaying the nation’s history of slavery and the civil rights struggle.
“The president didn’t just add his own birthday to the list; he removed the two holidays that commemorate the African American fight for civil rights and freedom. Our country deserves better,” lamented Democratic Senator Catherine Cortez Masto on X.
Starting in 2026, free admission on these eight selected days will apply only to U.S. citizens and permanent residents. “Non-residents will pay the regular entrance fee and the applicable non-resident rates,” the National Park Service (NPS) stated.
The cost of an annual entry pass will rise to $80 for residents and $250 for non-residents. Those without an annual pass will be required to pay $100 per person to enter 11 of the most visited national parks, in addition to the standard entrance fee.
Earlier this year, Trump marked his 79th birthday—which coincided with the 250th anniversary of the U.S. Army—by organizing an unusual military parade in downtown Washington.
The United States has 63 national parks, federally protected areas designated by Congress. Last year, they received more than 330 million visitors.
International
Five laboratories investigated in Spain over possible African Swine Fever leak
Catalan authorities announced this Saturday that a total of five laboratories are under investigation over a possible leak of the African swine fever virus, which is currently affecting Spain and has put Europe’s largest pork producer on alert.
“We have commissioned an audit of all facilities, of all centers within the 20-kilometer risk zone that are working with the African swine fever virus,” said Salvador Illa, president of the Catalonia regional government, during a press conference. Catalonia is the only Spanish region affected so far. “There are only a few centers, no more than five,” Illa added, one day after the first laboratory was announced as a potential source of the outbreak.
Illa also reported that the 80,000 pigs located on the 55 farms within the risk zone are healthy and “can be made available for human consumption following the established protocols.” Therefore, he said, “they may be safely marketed on the Spanish market.”
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