Musk Ordered to Testify

On Thursday, a federal judge ordered Tesla Inc. (NASDAQ: TSLA ) and Space Exploration Technologies Corp. (NASDAQ: SPCX ) CEO Elon Musk to testify under oath in litigation over his $1 million-a-day election giveaway. S.

Magistrate Judge Susan Hightower recommended that Musk and his political action committee, America PAC, face a claim in one of the lawsuits. The claim alleges they misled voters into providing personal identifying information as part of the $1 million giveaway. However, she recommended dismissing a related breach of contract claim. S.

Constitution by advertising a daily $1 million giveaway. According to the lawsuits, participants believed winners would be selected at random, similar to a lottery. Instead, the plaintiffs claim the recipients were handpicked as potential spokespeople for America PAC, citing statements made by one of Musk’s attorneys. Judge Questions Use Of Randomly In Promotion Hightower said it remains unresolved whether Musk acted recklessly when describing the selection process as random.

The judge pointed to testimony from America PAC Director Christopher Young, who said he was “surprised” by Musk’s wording. “It was not the way that we had — you know, with legal counsel and consultation, discussed ⁠the ​program and how it would run,” Young testified in a February 2026 deposition. S. District Judge Robert Pitman will decide whether to adopt Hightower’s recommendations and will separately rule on a motion seeking dismissal of Harvick’s lawsuit.

Musk became the world’s first trillionaire after SpaceX went public on June 12. 8 billion, according to Forbes. 87% to close at $153. 12%, according to Pro.

Edge Stock Rankings show that SpaceX stock maintains a bearish price trend across all major time frames—short, medium and long term. Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published editors. Read Also: Could SpaceX Be The Latest FOMO Trap? com