Elon Musk returned to federal court to testify in a class action lawsuit filed by Tesla investors alleging he misled them with a tweet. 9News
on Monday in San Francisco to testify in a class action lawsuit filed by Tesla investors alleging he misled them with a tweet.
The tweet, which resulted in a $57m settlement with securities regulators, claimed he had lined up the financing to take Tesla private in a deal that never came close to happening.posted on August 7, 2018, damaged Tesla shareholders during a 10-day period leading up to a Musk admission that the buyout he had envisioned wasn't going to happen.In this courtroom sketch, Elon Musk appears in federal court in San Francisco, Friday, Jan. 20, 2023.
Musk, who said he "had trouble sleeping last night and unfortunately I am not at my best," testified that it was important for jurors to know that he "felt that funding was secured" due to his ownership of "SpaceX stock alone.""Just as I sold stock in Tesla to buy Twitter. ...
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