Elon Musk was depicted Wednesday as either a liar who callously jeopardized the savings of “regular people' or a well-intentioned visionary as attorneys delivered opening statements at a trial focused on a Tesla buyout that never happened
“Mr. Musk tries to do things that have never been done before. Everyone knows that," Spiro told the jury.
After saying “funding secured" for the buyout, Musk followed up with another tweet that suggested a deal was imminent. “'Funding secured' was the only thing that mattered to me,” Littleton testified. “That was such a defining statement." But Chen has already ruled that Musk's tweet was false, a finding that can be alluded to during the trial without specifically mentioning the determination made by the judge. Pollitt seized on that opportunity during his opening statement, informing jurors that they are to assume Musk's tweet was false, as the judge allowed. Spiro shook his head as he listened.
Musk’s leadership of Twitter — where he has gutted the staff and alienated users and advertisers — has proven unpopular among Tesla’s current stockholders, who are worried that he has been devoting less time to automaker at a time of intensifying competition.
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.
Here's what's at stake in Elon Musk's Tesla tweet trialIn 2018, Musk tweeted he had secured enough funding to take Tesla private, but a deal never materialized. A trial over the risk he brought to shareholders could further tarnish the CEO's reputation.
Read more »
Here's What's At Stake In Elon Musk's Tesla Tweet TrialIn 2018, Musk tweeted he had secured enough funding to take Tesla private, but a deal never materialized. A trial over the risk he brought to shareholders could further tarnish the CEO's reputation.
Read more »
Jury selected for Elon Musk trial about Tesla buyout tweetsMusk claimed in a August 7, 2018, tweet that he had lined up the financing to pay for a $72 billion buyout of Tesla, which he then amplified with a follow-up statement that made a deal seem imminent.But the buyout never materialized.
Read more »
Jury selected for Elon Musk trial about 2018 Tesla buyout tweetsA nine-person jury was seated Tuesday to hear a trial that will determine whether Tesla CEO Elon Musk cheated investors by asserting in 2018 tweets that he...
Read more »
Jury selected for Elon Musk trial about Tesla buyout tweetsA nine-person jury has been seated to hear 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.
Read more »
Jury selection begins in Tesla investor lawsuit against Elon MuskA Silicon Valley judge began questioning potential jurors Tuesday to hear allegations that Elon Musk cheated Tesla investors by claiming in a 2018 tweet that he had lined up financing to take the electric automaker private.
Read more »