Tesla CEO Elon Musk’s impulsive and sometimes inflammatory usage of Twitter has taken center stage in a trial focused on whether he misled investors with his 2018 tweets indicating he had lined up financing to take the electric automaker private.
After it became apparent that the money wasn’t in place to take Tesla private, Musk and the company reachedThe furor that erupted over Musk's August 2018 weeks came just weeks after Tesla investors had urged him to clamp down on his usage of Twitter, fearing that the comments he was posting were damaging the automaker's brand, as well as the company's stock price.
who served on Tesla's board from 2007 to 2021 and was the lead director in 2018. While testifying Wednesday, Gracias acknowledged having some discussions that “maybe Elon should take a break from tweeting." Joseph Fath, the T. Rowe Price portfolio manager testifying under oath, said he tried to appeal to Musk's “better senses" during their July 2018 phone call, warning him his tweets were starting to do more harm than good for Tesla. To hammer the point home, Fath said he evoked actress Lindsay Lohan's penchant for attracting media attention with erratic behavior in public and how the attention tapered off once she began exercising discipline.
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