where the 4-year-old case was filed.
The lawyers also argued Musk only has himself to blame for any negative perceptions, largely because of his frequent activity on Twitter, the social media platform that he now owns and runs. The filing comes less than a week after Musk's lawyer, Alex Spiro, asked U.S. District Judge Edward Chen to transfer the case to Texas, the state where Musk moved Tesla's headquarters in 2021 after spending nearly 20 years in its original Silicon Valley home. If the trial isn't transferred, Spiro is pushing for a delay of the start of jury selection, currently scheduled for Tuesday.
Chen has scheduled a hearing for Friday to hear further arguments about Musk's effort to move or delay the trial. The judge already has determined that Musk's buyout tweet was false, leaving it to a jury to decide whether he acted recklessly by posting it and whether it caused financial harm to Tesla shareholders. After adjusting for two stock splits made since 2018, Tesla's shares are now worth nearly six times more than at the time of Musk's tweets about the bogus buyout.
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