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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

WHO Warns Ebola Outbreak Is Spreading Rapidly in DR Congo

The World Health Organization on Friday raised the risk level of the Ebola outbreak in the Democratic Republic of the Congo from “high” to “very high,” the highest alert category used by the organization.

WHO Director-General Tedros Adhanom Ghebreyesus said the outbreak is spreading rapidly across the country, particularly in the eastern provinces of North Kivu and South Kivu.

“The Ebola outbreak in the Democratic Republic of the Congo is spreading rapidly,” Tedros stated during a press conference.

He explained that the WHO had previously classified the risk as high at both the national and regional levels, while maintaining a low risk assessment globally.

“We are now revising our risk assessment to classify it as very high at the national level, high at the regional level, and low at the global level,” he added.

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A WHO spokesperson told AFP that “very high” represents the organization’s highest risk category.

The outbreak has expanded across North Kivu and South Kivu, regions divided by the frontline between Congolese government forces and the armed group M23, which is reportedly backed by Rwanda and has seized large areas of territory since 2021.

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International

Guatemalan Man Sentenced to 50 Years in U.S. Prison for Child Exploitation Crimes

Ángel Emilio Rodríguez Marroquín, a Guatemalan citizen living illegally in California, was sentenced to 50 years in prison on multiple charges related to the sexual exploitation of his two eight-year-old nephews, both of whom are disabled, according to a report published by Fox News.

The Central American national was arrested on November 22, 2025, on charges of producing and possessing child pornography, the report stated.

The investigation was led by U.S. Immigration and Customs Enforcement in Los Angeles and the Homeland Security Investigations division of the immigration service. Authorities said Rodríguez Marroquín recorded himself sexually abusing both children.

According to the Department of Homeland Security, Rodríguez illegally entered the United States in 2024, was arrested, and later released.

The convicted man is also under investigation in Guatemala for child exploitation offenses. That investigation is being conducted by HSI in coordination with the Los Angeles Cyber Crimes Against Children Unit.

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“This depraved illegal alien from Guatemala pleaded guilty to producing and possessing child pornography involving the abuse of his nephews,” said acting DHS Deputy Secretary Lauren Bis.

She also criticized U.S. immigration policies under former President Joe Biden, claiming the defendant would not have been in the country if stricter border controls had been enforced.

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International

Trump Delays Potential Iran Strikes as Regional Peace Talks Continue

Donald Trump announced a new deadline for potential military action against Iran, saying he would temporarily delay planned strikes while regional negotiators continue efforts to secure a peace agreement.

Speaking at the White House, Trump said he decided to postpone the operation after receiving requests from the leaders of Qatar, Saudi Arabia and United Arab Emirates.

The U.S. president explained that the pause would remain in place for only a limited period, adding that discussions could continue through the end of the week or early next week.

Trump also warned that military action remained a possibility if negotiations fail to produce results, stressing that the United States could not allow Iran to acquire a nuclear weapon.

“Maybe we’ll have to hit them again,” Trump said, referring to Iran while reiterating his willingness to resume military operations if necessary.

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