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Tesla investor seeks ‘billions’ in damages on behalf of those who traded stock after Musk posted plan to take company private. Plus, are cows at sea the future of farming?
Good morning.
As arguments began in the San Francisco trial alleging that Elon Musk deceptively drove up the price of Tesla’s stock, the attorney for a group of shareholders suggested the businessman “lied” when he tweeted in 2018 that he had secured funding to take the company private.
What’s Musk’s defence? Musk’s attorney, Alex Spiro, said the controversial chief executive was “serious” about the deal. “You will come to learn very soon that this was not fraud, not even close,” he said during opening statements. Musk believed financing was not an issue and was “taking steps” to make a deal happen, Spiro added.
What did Ardern say when she made her announcement? “I am human, politicians are human. We give all that we can for as long as we can. And then it’s time. And for me, it’s time,” she said. The prime minister said she had reflected over the summer break on whether she had the energy to continue in the role, and had concluded she did not.
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