During a Tesla shareholder trial Friday, Musk said he didn't see a “causal link” between his tweets and Tesla’s stock price.
Musk said he thought it was “absurd” to suggest the content of his tweets could impact Tesla’s stock price. To defend his point, Musk, the debater in chief
, pointed to an example where Tesla’s stock price apparently rose after he wrote a tweet saying he believed the stock was too high. Though normal observers may read that as an admission his tweets can impactafter he claimed it was too high. “Just because I tweet something does not mean people will believe it or act accordingly,” Musk said. The CEO went on to say he did not see any “causal link” between his tweets and Tesla’s stock price.The question of whether or not Musk’s tweets can lead to real world changes in behavior digs at the core of the current trial, which is centered around Musk’s fateful 2018 “” tweet where he claimed he had successfully lined up funding necessary to take Tesla private at $420 per share.
Musk was forced to revisit one of his least glamorous moments on Friday. During his cross examination, an attorney representing the Tesla investors asked Musk if he agreed that hisG/O Media may get a commissionAll you need to do is sign up with your email and boom: credit for your preorder on a new Samsung device.After asking the question once more, Musk refuted the point and said, once again, that he disagreed his tweets impact Tesla’s stock price.
from the time, however, show Tesla stock fell 3.5% in the immediate aftermath of his pedophile allegations.“Tesla stock price goes up and down all the time,” Musk said. “I don’t think some tweet about someone totally unrelated to Tesla will have an impact on the stock price. That’s absurd.”
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 didn't lie but used the 'wrong words' in Tesla funding tweet, says lawyerElon Musk didn't lie but just used the 'wrong words' in his Tesla funding tweet, his lawyer says
Read more »
Tesla will 'keep blowing our minds' despite Elon Musk's distractions, shareholder Tencent saysTencent, known as one of the world's largest gaming and social media firms, invested in Tesla in 2017, taking a 5% stake for around $1.78 billion.
Read more »
Elon Musk depicted as liar, visionary in Tesla tweet trialOpening statements are set to begin in a trial that will determine whether Tesla CEO Elon Musk cheated investors by asserting in 2018 tweets that he had lined up financing to take the electric automaker private. tesla elonmusk kprc2 click2houston
Read more »
Elon Musk depicted as liar, visionary in Tesla tweet trialSAN FRANCISCO (AP) — Elon Musk was depicted Wednesday as either a liar who callously jeopardized the savings of “regular people” or a well-intentioned visionary as attorneys deliv…
Read more »
Elon Musk Depicted as Liar, Visionary in Tesla Tweet TrialElon Musk was alternately depicted in a San Francisco courtroom as a liar who callously jeopardized the savings of “regular people” or a well-intentioned visionary. Those descriptions emerged Wednesday in opening statements at a trial focused on a Tesla buyout that never happened. Lawyers on opposing sides drew the starkly different portraits of Musk for the nine-person jury that will hear the three-week trial. The case is focused on two August 2018 tweets that the billionaire posted on the Twitter service that he now owns. The tweets indicated that Musk had lined up the financing to take Tesla private at a time when the automaker’s stock was slumping amid production problems.
Read more »
Elon Musk depicted as liar, visionary in Tesla tweet trialElon Musk was alternately depicted in a San Francisco courtroom as a liar who callously jeopardized the savings of “regular people” or a well-intentioned visionary.
Read more »