Elon Musk returned to federal court on Monday in San Francisco, testifying that his controversial tweet in 2018 where he claimed to have secured funding to take Tesla private for $420 per share was not a pot joke.
returned to federal court on Monday in San Francisco, testifying that his controversial tweet in 2018
A lawyer representing Tesla shareholders asked Musk whether he "went with 420 because it was a joke your girlfriend enjoys." He replied he thinks there is "some karma" around the number 420 — which is also a reference to marijuana — although he added he doesn’t know "if it’s good karma or bad karma at this point."
Musk testified that he believed he had locked up financial backing to take Tesla private during 2018 meetings with representatives from Saudi Arabia’s Public Investment Fund — although no specific funding amount or price was discussed. The tweet resulted in a $40 million settlement with securities regulators after the deal never came close to happening.during a 10-day period leading up to Musk’s admission that the buyout he had envisioned wasn’t going to happen.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elon Musk increased security for Errol Musk amid kidnapping fears: reportInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »
Elon Musk testifies in 2nd day of Tesla tweet trialElon Musk returned to federal court Monday in San Francisco, testifying that he believed he had locked up financial backing to take Tesla private during 2018 meetings with representatives from Saudi Arabia’s Public Investment Fund — although no specific funding amount or price was discussed. The billionaire Tesla CEO and Twitter owner is facing a class action lawsuit filed by Tesla investors alleging he misled them with a tweet saying funding was secured to take his electric car company private — for $420 per share. The tweet resulted in a $40 million settlement with securities regulators after the deal never came close to happening.
Read more »
Elon Musk testifies in second day of Tesla tweet trialElon Musk returned to federal court Monday in San Francisco to testify in a class action lawsuit filed by Tesla investors alleging he misled them with a tweet.
Read more »
Elon Musk takes witness stand to defend Tesla buyout tweetsElon Musk has taken the witness stand to defend a 2018 tweet claiming he had the financing to take Tesla private, which led to a $40 million settlement and a class-action lawsuit alleging he misled investors.
Read more »
Elon Musk comments on Flyers' Provorov Pride Night backlash: 'Pendulum has swung a bit too far'Twitter CEO Elon Musk responded on Twitter to the backlash aimed toward Ivan Provorov who chose to not participate in the Philadelphia Flyers pregame Pride Night festivities.
Read more »