The court trial to decide whether a tweet Elon Musk sent in 2018 cost Tesla investors millions of dollars enters its third day, with Musk potentially taking the stand.
will resume Friday, with Musk himself potentially taking the stand.
Had the plan ultimately materialized, people who owned shares of Tesla at the time could have earned profits on their holdings. But when it became clear there was no take-private deal, shares of Tesla stock began a steady decline that continued into the following year. “His lies caused regular people like Glen Littleton to lose millions and millions of dollars,” Porritt said, adding that the tweet also hurt pension funds.he hopes to call Musk to the stand Friday after two other witnesses testify. If the allotted time runs out, Musk would most likely testify Monday, Porritt said.
, a diver whom Musk called “pedo guy” on the platform as Unsworth helped rescue a stranded soccer team from a flooded cave in Thailand.The trial is unusual because most class-action shareholder suits are dismissed or settled. In this case, Musk and his attorneys say they believe they can convince a jury his tweets about making Tesla a private company again were made in good faith.
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