Tesla CEO Elon Musk refuted that the $420-per-share price in a 2018 tweet about him potentially taking Tesla private was a joke during Monday testimony.
"I don’t know if she found it funny or not," Musk said Monday, according to Fortune. "But the $420 price was not a joke."
Elon Musk, Tesla CEO, stands in the foundry of the Tesla Gigafactory during a press event. The first vehicles are scheduled to roll off the production line in Grünheide near Berlin from the end of 2021. The US company plans to build around 500,000 un As part of his settlement with the SEC, Musk had to "step down as Tesla’s chairman and be replaced by an independent Chairman," in addition to receiving a $20 million fine. Tesla also agreed to a settlement that included the electric vehicle maker having to "put in place additional controls and procedures to oversee Musk’s communications" and being required to pay $20 million in penalties, among other things, according to the SEC’s release.
"There is some karma around 420, although I should question if that is good or bad karma at this point," Musk also reportedly said Monday.
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