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
Peruvian Court Orders Definitive Dismissal of Money Laundering Case Against Keiko Fujimori
A court of Peru’s National Superior Court of Specialized Criminal Justice ordered the definitive dismissal of the criminal proceedings for alleged money laundering and criminal organization against presidential candidate Keiko Fujimori, authorities reported on Tuesday, January 13, 2026.
The ruling was issued by the Tenth National Preparatory Investigation Court in compliance with a previous decision by the Constitutional Court (TC). The decision was confirmed by Fujimori’s attorney, Giuliana Loza, who said on social media platform X that “there was no money laundering nor criminal organization.”
According to the defense, the case was closed for lacking legal grounds and for violating due process. “The proceedings concluded because they lacked a legal basis and constituted clear prosecutorial persecution,” Loza stated.
Judge Wilson Verastegui, whose ruling was reported by local media, said the Constitutional Court determined that the facts alleged in the so-called ‘Cocktails Case’ do not constitute a criminal offense under the principle of legality. The court noted that the crime of illegal financing of political organizations was not in force at the time the alleged acts occurred.
The dismissal also applies to other leaders of the Fuerza Popular party, including Pier Figari, Ana Rosa Herz, Jaime Yoshiyama and José Chlimper, as well as the party itself.
Keiko Fujimori, daughter of former president Alberto Fujimori (1990–2000), had been under investigation for the alleged irregular financing of her 2011 and 2016 presidential campaigns, a case that exposed her to a possible 30-year prison sentence. However, one year ago the National Superior Court annulled the trial and returned the case to the intermediate stage.
Fujimori is currently pursuing her fourth presidential bid, ahead of Peru’s general elections scheduled for April.
International
Colombian Defense Chief Meets U.S. Officials to Advance Bilateral Narcotics Strategy
Colombia’s Minister of Defense, Pedro Sánchez Suárez, is in the United States this Tuesday and Wednesday to discuss bilateral cooperation in the fight against drug trafficking, Colombian officials said, in a visit that comes as ties between Bogotá and Washington begin to ease after a period of diplomatic tension.
The trip is seen as a prelude to a scheduled visit by Colombian President Gustavo Petro to Washington, where he is expected to meet U.S. President Donald Trump for the first time in early February. Sánchez will remain in Washington through Wednesday, according to Colombian government sources.
During his stay, Sánchez is slated to meet with senior U.S. officials, including representatives from the Department of Defense, members of the U.S. Senate, and White House advisors, to outline a joint strategy to “defeat drug trafficking” and expand cooperation on intelligence against transnational crime.
According to a statement from the Colombian Defense Ministry, the agenda will include strengthening collaboration on technology, intelligence sharing, and efforts to disrupt criminal networks that operate across borders. Officials said the discussions will also help set the stage for Petro’s upcoming talks with Trump.
The visit follows a period of strained U.S.–Colombia relations last year, when Washington revoked Petro’s visa and withdrew Colombia’s certification as a key partner in anti-drug efforts — moves that coincided with disagreements over counter-narcotics strategy and broader diplomatic frictions. However, a recent phone call between Petro and Trump, described as cordial by officials, helped lower tensions and reopened channels for dialogue ahead of the presidential meeting.
International
Dominican court postpones hearing in deadly nightclub collapse case
A Dominican court on Monday postponed until March a preliminary hearing against the owners of a nightclub that collapsed last year, killing more than 200 people.
The roof of the Jet Set nightclub collapsed in the early hours of April 8, 2025, during a concert by popular merengue singer Rubby Pérez, who died along with 235 other people.
Jet Set owner and manager Antonio Espaillat and his sister Maribel, who served as the club’s administrator, were arrested on charges of involuntary manslaughter but were later released on bail after posting approximately $842,500.
Both appeared at the Palace of Justice, where they were met by a small protest from relatives and friends of the victims.
“Thirty years in prison is not enough” and “President, we want JUSTICE,” read signs held by demonstrators.
The preliminary hearing determines whether there is sufficient evidence to send the case to trial. The court decided to reschedule the hearing for March 16.
“We don’t want money and we’re not demanding anything else, only justice for those who died,” said Secundino Pérez, a 75-year-old shopkeeper who lost 12 friends in the Jet Set tragedy.
“Antonio and his family celebrated Christmas sitting at a table, celebrating their freedom,” said Edgar Gómez, who lost his daughter in the collapse.
The Dominican Republic’s Public Prosecutor’s Office maintains that the defendants “significantly altered” the structure of the nightclub. Prosecutors filed formal charges in November and requested that the case proceed to trial.
The charge of involuntary manslaughter carries a sentence of three months to two years in prison.
“May your conscience never let you sleep. I lost my son,” a woman shouted through tears before the hearing, while others chanted, “Murderers, murderers, murderers.”
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