Musk tells jury buying Tesla at $420 a share was no joke

8 days ago Hindustan Times

Elon Musk on Monday told jurors that his 2018 tweet about taking Tesla private at $420 a share was no joke and that Saudi Arabia's sovereign wealth fund was serious about helping him do it. "It's difficult to appreciate just now just how much attack Tesla was under by short sellers who wanted Tesla to die," Musk told jurors. When confronted with exchanges with the Saudi fund that showed they wanted more details before committing to his buyout plan, Musk said the fund was "backpedalling". Musk testified that he understood the fund would do whatever it took to take Tesla private and had plenty of money to do it. "I'm being accused of fraud; it's outrageous," Musk said as his lawyer took over the questioning on Monday.
Continue reading...

Read On "Hindustan Times"

More News On "Hindustan Times"

T20 World Cup: Once India settle, they will be hard to beat - Chris Lynn

“Jasprit Bumrah’s loss for India is equivalent to Australia losing Dave Warner and Steve Smith,” according to T20 power house Chris Lynn. He predicts the tournament to be a “batting-first World Cup”. (Lynn’s sharp assessment came before New Zealand, asked to bat first, crushed holders Australia by 89 runs at the SCG). This could be a batting-first World Cup as opposed to the one we saw in the UAE,” said Lynn, the Aussie now living the life of a freelance cricketer. “They are coming on the back of winning the last World Cup.

3 months ago Hindustan Times

No-ball, wide, 2 wickets and a sensational finish: How Kohli, Ashwin aced dramatic last over leading India to famous win

Kohli remained unbeaten on 82, and supported by Hardik Pandya's equally crucial knock of 40, heled India chase down 160 to win a last-over thriller. Kohli turned it on in style, getting to his half-century and then smacking consecutive sixes off Haris Rauf off the final two balls. Kohli changed ends by the time the catch was taken but with the new rules coming into effect, Dinesh Karthik faced the next ball. With 15 needed off 4, Kohli and Karthik scampered for a two after hitting to long on. Having missed the timing of the third ball, Kohli middled the next full-toss into the stands, but since it was a waist-high full toss, umpire Rod Tucker stretched his arm to signal a no-ball.

3 months ago Hindustan Times

Central agencies may probe ‘FCRA breach’ by NGOs linked to Gandhis

The Bharatiya Janata Party (BJP) said the Gandhi family and organisations linked to them cannot be above law. “RGCT’s licence was also cancelled on similar grounds,” a second officer in a central agency said on condition of anonymity. CBI is empowered to investigate cases pertaining to FCRA violations. In May this year, the federal agency also investigated a case of an alleged organised nexus between NGOs, government officials and middlemen for “illegal clearance” of FCRA licences in lieu of bribes. At least 14 people, including six government servants, were arrested after the probe agency retrieved ₹3.21 crore during raids at 40 locations across multiple cities in the same month.

3 months ago Hindustan Times

Maha government’s populist measures will harm the economy, say experts

Mumbai: Ever since the Shinde-Fadnavis government took over the reins of Maharashtra, it has announced sops and populist schemes that have cost the state exchequer over ₹12,000 crore. Soon after it came to power in June after a high-voltage political drama, the Shinde-Fadnavis government announced a number of sops for diverse sections of society. The two announcements will result in a burden of ₹3,800 crore and ₹4,700 crore on the exchequer respectively. Ahead of Diwali, the Shinde-Fadnavis government also announced the distribution of kits of essential items for ₹100 each in ration shops. Circa 2021-22 witnessed a fiscal deficit of over ₹36,000 crore, while in 2020-21, it was a whopping ₹78,600 crore.

3 months ago Hindustan Times

Successor to Truss will face a raft of challenges

She is the fourth PM to have been ejected by her own party within six years, which gives some indication of how deeply divided the Conservative Party is. Then followed a lengthy selection process for his successor which ended with Truss narrowly defeating the former chancellor, Rishi Sunak. She followed almost to the letter the agenda of the extreme Right-wing of the Conservative Party. Opposition to Truss built up as the Labour leader Keir Starmer accused her of trashing the pound sterling, which fell to new lows, and the economy. There was a hostile reaction within the Conservative Party too.

3 months ago Hindustan Times

Penny Mordaunt enters UK PM race as Boris Johnson eyes comeback in top post

Britain's divisive former leader Boris Johnson on Friday received heavyweight Conservative backing to stage a sensational comeback following the resignation of Prime Minister Liz Truss. Cabinet member Penny Mordaunt became the first to formally declare her candidacy, after the UK's ruling party was forced into its second leadership contest in weeks. Contenders have until 2:00 pm (1300 GMT) on Monday to produce a minimum 100 nominations from their fellow Tory MPs. Political website Guido Fawkes, which is running a rolling spreadsheet of Tory MPs' declared support, had Sunak on 73, Johnson on 61 and Mordaunt on 21 by Friday afternoon. "This is not just a soap opera at the top of the Tory party -- it's doing huge damage to the reputation of our country," he said.

3 months ago Hindustan Times

Expedite Mallya and Nirav’s extradition: India to UK officials

Mallya’s extradition was cleared by the UK high court in April 2020 but has been held up for two-and-half years now due to “secret proceedings” of unknown nature. Although the UK government has not mentioned the nature of these proceedings, and Indian officials have said they are not party to them, it is widely believed that Mallya has applied for asylum in the UK. This was confirmed by his lawyer in 2021 to a UK insolvency court. SFJ chief Gurpatwant Singh Pannun, who is running the Khalistan referendum, is based in the US but it is not known if his extradition to India was taken up during the bilateral meeting. Fourteen of these happened because of requests from the other side, seeking information on extradition requests and other details, said the second officer.

3 months ago Hindustan Times

Plea against MCD power to ‘destroy’ unregistered dogs

The Delhi high court has sought the stand of the Union government and the Municipal Corporation of Delhi (MCD) on a petition challenging the civic body’s power to “detain” and “destroy” unregistered and unclaimed dogs found in public places. The MCD advisory issued on September 12 had said, “We appeal to citizens to get their pet dogs registered at the earliest, otherwise appropriate action can be taken as per DMC Act. The plea has contended that caregivers may be discouraged from providing meals to community dogs as they would not want the responsibility of getting the dogs registered, which would deprive the animals of “one decent meal” and also “give arbitrary power” to the MCD to “kill dogs, remove dogs, detain dogs, which could also result in extortion and can have serious implication on law and order and the health of the community dogs”. The petition alleges that colony and traders’ welfare associations in her area are working to remove all dogs there, while “leaving no stone unturned to remove the dogs illegally and planning to get them killed with aid and assistance from MCD”. The plea has also submitted that “acts of cruelty to animals are often indicative of a deep mental disturbance” and such abusers also “move on to harming humans”.

3 months ago Hindustan Times

BREAKING NEWS

7 minutes ago - Dilan Markanday: Aberdeen sign Blackburn Rovers forward on loan 8 minutes ago - Alison Hammond recreates Big Brother table breaking moment on TV 10 minutes ago - BCB to allocate separate stadiums outside Dhaka for practice of Women's team and U-19 team 13 minutes ago - Happy Valley fans 'work out' how Tommy Lee Royce got Ryan's username 14 minutes ago - Never Considered Coaching Pakistan Team Because of Hate and Abuse: Akram 28 minutes ago - Parklife reveals line-up for 2023 with The 1975 and Aitch 28 minutes ago - Man who fatally shot Dallas officer in 2007 faces execution 33 minutes ago - Why Matt Doherty's Atletico Madrid switch from Spurs is a move upwards 35 minutes ago - South Africa's Dane Van Niekerk 'broken' After Being Left out of T20 World Cup Squad 44 minutes ago - Keith Urban Has a 'Deep Appreciation' For His Band and Crew 49 minutes ago - what Matt Doherty can expect at Atletico Madrid 50 minutes ago - India's talismanic batter Suryakumar Yadav reaches new career-high in latest ICC rankings 50 minutes ago - James Martin, Gino D'Acampo and Hairy Biker Si King to appear at Yorkshire Dales Food and Drink Festival 58 minutes ago - Sports-Linked Cardiac Arrest Rare in Seniors, Study Finds 1 hour ago - The 10 players who won a trophy after leaving Man Utd since 2017 1 hour ago - 5 of the best deadline-day transfers 1 hour ago - IND vs NZ LIVE SCORE: India top order, New Zealand bowlers under scanner in series decider 1 hour ago - Parklife announces 2023 line up 1 hour ago - Which teams have the most favourable fixtures this February? 1 hour ago - Love Island fans send bosses a warning as they 'work out' who is DUMPED 1 hour ago - Lesley Joseph on the reason Pauline Quirke won't be on TV with Birds of Feather co-stars 1 hour ago - Young workers to bear £19bn cost of fixing pension scheme wrongdoing, court told 1 hour ago - Rugby-The only way is up for England as Borthwick era begins against Scotland 1 hour ago - Tottenham boss Antonio Conte to undergo surgery today, with presence against Man City in doubt 1 hour ago - Apple Launches Major League Soccer Streaming Service, Marking Closely-Watched Push Further Into Live Sports 1 hour ago - BULLSEYE EVENT GROUP ANNOUNCES MENU AND ALL-STAR LINE-UP OF TOP CHEFS TO JOIN CELEBRITY CHEF AND HEADLINER BOBBY FLAY AT THE ANNUAL THE PLAYERS TAILGATE 2023 ON SUPER BOWL SUNDAY IN GLENDALE, AZ 1 hour ago - Sex Education star Gillian Anderson invites women to tell her their fantasies 1 hour ago - Tom Curran Stepping Away From Red-ball Cricket To Concentrate On His Physical And Emotional Well-being 1 hour ago - Day of disruption in UK as hundreds of thousands join strike 1 hour ago - UK’s teachers and civil servants join mass strike on ‘Walkout Wednesday’ 1 hour ago - Younger people putting themselves at risk in cost of living crisis 1 hour ago - National Gallery told to think again over ‘destructive’ new entrance plans 1 hour ago - sa-vs-eng-202752 Match Report: vs Cricket Summary, Live Score Updates and News at Adelaide Oval, Adelaide – Cricketcountry.com, Cricket News 1 hour ago - Who is in the FIFA Club World Cup 2023? Teams and bracket for tournament in Morocco 1 hour ago - Elmo’s Birthday, Why We Celebrate? History And Facts 1 hour ago - How Chelsea managed to spend so much 2 hours ago - Pedro Porro ‘never spoke’ to Pep Guardiola before defender was sold by Man City but he has prospered in Lisbon and has now returned to Premier League as ‘Antonio Conte’s son’ 2 hours ago - When is Red Nose Day 2023? How to support Comic Relief with noses and T-shirts 2 hours ago - 'It's more than just pay': Teachers on why they are striking 2 hours ago - WPL Auction 2023: Five Star Cricketers Who Could Hit Pay Dirt 2 hours ago - Clock ticking for Philadelphia police watchdog to fill openings 2 hours ago - How old is Pauly D's daughter after he welcomed baby with Amanda Markert? 2 hours ago - SA vs ENG Live Score: England batting first, Proteas Strike early to dismiss Jason Roy & Ben Duckett in 3rd ODI 2 hours ago - Emily Atack fans 'feel sick' as harrowing details of vile messages revealed 2 hours ago - Holly Willoughby and Phillip Schofield defend Molly-Mae Hague's daughter's name after she's forced into Instagram change 2 hours ago - Nolly: Cast, plot, how to watch the new Russell T Davies drama about Noele Gordon, star of Crossroads 2 hours ago - Red Nose Day 2023: Comic Relief’s red nose given ‘most dramatic makeover’ since 1988 by ex Apple guru 2 hours ago - 'Not physically capable' -- Ozzy Osbourne cancels Irish tour date amid health worries 2 hours ago - Ozzy Osbourne Cancels 2023 Concerts, Indicates His Touring Career Has Ended 2 hours ago - Tom Curran Takes Indefinite Break From Test Cricket To Focus On White-Ball Formats 2 hours ago - Football: Chelsea complete record signing of Benfica's Fernandez 2 hours ago - pet connection – Should you purchase insurance for a senior pet? 2 hours ago - Love Island 'changed my name' minutes before show, star claims, leaving her 'in tears' 2 hours ago - Brutal Daniel Levy sabotaged second Tottenham deal after late Pedro Porro transfer row emerges 2 hours ago - Mother ‘screamed in desperation’ as dog mauled four-year-old girl to death 2 hours ago - Nicola Bulley: Missing woman’s daughters ‘cried their eyes out’ when told ‘mummy’s lost’ 2 hours ago - Happy Valley cast and where you've seen them before 2 hours ago - Here’s how to beat toxic men like Andrew Tate 2 hours ago - Just five Solihull schools told council whether they were closing amid teachers' strike 2 hours ago - Half a million strike in UK’s largest walkout in 12 years