The trial, which begins on Tuesday with jury selection, was triggered by a class-action lawsuit on behalf of investors who owned Tesla stock for a 10-day period in August 2018.
But the buyout never materialized and now Musk will have to explain his actions under oath in a federal court in San Francisco. Musk's tweets back then fueled a rally in Tesla's stock price that abruptly ended a week later, after it became apparent that he didn't have the funding for a buyout after all. That resulted in him scrapping his plan to take the automaker private, culminating in a with U.S.
The trial's outcome may hinge on the jury's interpretation of Musk's motive for tweets that U.S. District Judge Edward Chen has already decided were a falsehood.
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