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
Wildfires in France Burn Nearly Three Times More Land Than in 2025, Interior Minister Says
More than 50,000 hectares of land have been destroyed by wildfires across France since the beginning of the year, nearly three times the area affected during the same period in 2025, French Interior Minister Laurent Nuñez said Friday in an interview with AFP.
Emergency crews are currently battling several major fires, including one near the popular Cap Ferret peninsula, where flames have already consumed more than 10,000 hectares, making it the largest wildfire of the season so far, according to the minister.
“Currently, we have 32 fires underway, which obviously do not all have the same level of importance,” Nuñez said.
“We have exceeded the threshold of 50,000 hectares burned since January 1 of this year. It is practically three times more than during the same period last year,” he added.
Despite the extensive resources deployed and the long hours worked by emergency teams — estimated to be two and a half times higher than last year — Nuñez said authorities remain “calm” and “determined” to contain the situation.
The minister acknowledged that the main concern is the fatigue affecting firefighters and emergency personnel who have been working under demanding conditions.
“The concern, if there has to be one, obviously lies in the state of exhaustion of the men and women who are committed. We have to hold on throughout the entire season,” Nuñez said.
France’s late spring and early summer have been marked by repeated periods of extreme heat, conditions linked by scientists to climate change and considered a major factor contributing to the increase in wildfire activity across the country.
International
Israel Says Saudi Recognition Would Mark ‘Historic Breakthrough’ for Middle East Peace
The office of Israeli Prime Minister Benjamin Netanyahu said Thursday that Saudi Arabia’s recognition of Israel would represent a “historic breakthrough” toward achieving peace in the Middle East.
The statement came after the United States and Saudi Arabia announced an agreement on Wednesday to establish a civil nuclear program in the kingdom. U.S. President Donald Trump said the initiative would be linked to Riyadh’s decision to normalize diplomatic relations with Israel.
“Saudi Arabia joining the Abraham Accords would represent a historic breakthrough toward peace in the Middle East,” Netanyahu’s office said following Trump’s announcement.
The statement added that recent developments, including joint military actions by the United States and Israel against Iran, as well as Israel’s efforts against what it described as Iran’s “terror axis,” have created new opportunities to expand regional diplomatic ties.
“The joint U.S.-Israeli military action against the genocidal regime in Tehran and Israel’s defeat of Iran’s terror axis have created the possibility of expanding the circle of peace,” the statement said.
A potential normalization agreement between Israel and Saudi Arabia would represent a major diplomatic shift in the region, as Riyadh has long been viewed as one of the key countries whose formal recognition could significantly reshape Middle Eastern relations.
International
Nicolás Maduro’s Son Calls U.S. Trial Against His Father and Cilia Flores “Unjust”
Venezuelan lawmaker Nicolás Maduro Guerra on Wednesday described as “unjust” the legal proceedings in the United States against his father, ousted Venezuelan President Nicolás Maduro, and his wife, Cilia Flores, following their capture in Caracas on January 3 by U.S. forces.
“Faced with the unjust trial taking place today, the people raised their voices with a single demand: We demand the immediate release of President Nicolás Maduro and the First Lady,” Maduro Guerra wrote on his Instagram account.
The lawmaker attended a rally in Caracas where supporters of the ruling United Socialist Party of Venezuela (PSUV)gathered to show support for the former president, who faces charges in the United States including conspiracy to commit narco-terrorism and cocaine importation. Flores is accused of crimes related to drug trafficking and weapons possession.
The event was also attended by PSUV Vice President for Mobilizations and Events Nahum Fernández and Caracas Mayor Carmen Meléndez, according to photos shared by Maduro’s son.
The third hearing in the case against Maduro and Flores concluded Wednesday at a federal court in New York after lasting only about 18 minutes. During the hearing, the judge preliminarily set June 2027 as the expected start date for the trial.
One of the main arguments from the defense will focus on immunity. Maduro’s lead attorney, Barry Pollack, who has also represented WikiLeaks founder Julian Assange, said the defense plans to request immunity for both defendants, arguing that Maduro was serving as head of state and Flores as first lady at the time of their detention.
Both Maduro and Flores pleaded not guilty during their first court appearance in New York on January 5.
Meanwhile, Venezuela’s interim president Delcy Rodríguez, who assumed power after Maduro’s capture, has not yet commented on Wednesday’s hearing in the United States.
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