Elon Musk Returns to Stand in Tesla Tweets Trial

United States News News

Elon Musk Returns to Stand in Tesla Tweets Trial
United States Latest News,United States Headlines
  • 📰 WSJ
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Elon Musk returned for a third day of testimony in a case brought by investors who say they lost money because of his tweets proposing to take Tesla private

Elon Musk returned to the stand Tuesday for a third day of testimony in a case brought by investors who say they lost money because of his tweets proposing to take Tesla Inc. private.the Tesla chief executive’s tweets

more than four years ago floating the possibility of taking the company private and the effect they had on investors’ decision-making. “Am considering taking Tesla private at $420. Funding secured,” Mr. Musk, then serving as both Tesla’s chairman and CEO, tweeted on Aug. 7, 2018. He later added, “Investor support is confirmed.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

WSJ /  🏆 98. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Elon Musk to return for third day of testimony in Tesla 'funding secured' trialElon Musk to return for third day of testimony in Tesla 'funding secured' trialTesla Inc. Chief Executive Elon Musk is back in court Tuesday for a final stretch of testimony in a federal fraud trial over alleged investor losses caused...
Read more »

Elon Musk testifies in second day of Tesla tweet trialElon 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 testifies in 2nd day of Tesla tweet trialElon 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 2nd day of Tesla tweet trialElon Musk testifies in 2nd 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 admits Tesla investors would rely on 'funding secured' tweetElon Musk admits Tesla investors would rely on 'funding secured' tweetElon Musk admitted in court on Monday that he wanted Tesla shareholders to rely on his infamous 2018 tweet that he had 'funding secured' to take the automaker private, despite his repeated attempts to say that he only believed he could secure the money.
Read more »

Elon Musk testifies for 2nd day in Tesla tweet trialElon Musk testifies for 2nd day in Tesla tweet trialElon Musk returned to federal court Monday to testify in a class action lawsuit filed by Tesla investors alleging he misled them with a tweet.
Read more »



Render Time: 2025-02-22 04:20:59