Elon Musk didn't lie but just used the 'wrong words' in his Tesla funding tweet, his lawyer says
Elon Musk didn't lie but used the 'wrong words' in his Tesla funding tweet, his lawyer argued in court. The trial against the Tesla CEO kicked off Wednesday over his tweet back in 2018 that he had"funding secured" to take the electric-vehicle maker private at $420 a share. The deal however never materialized and cost shareholders in the company millions of dollars.
with his notorious tweet. That's because the automaker's shares surged 11% in price in a matter of hours after Musk's disclosure, before plunging as the deal got questioned. Musk however didn't commit fraud, his lawyer Alex Spiro argued in opening statements at the trial."You will come to learn very soon that this was not fraud, not even close," Spiro said,"In a rush, he used the wrong words," Spiro continued, adding that"he hadn't planned to tweet this."
Canada Latest News, Canada 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 »
Elon Musk heads to trial over 2018 ‘funding secured’ Tesla tweetThe trial over the class-action lawsuit begins Tuesday with jury selection in San Francisco federal court.
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 »
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 »
Reckless liar or well-intentioned visionary; Elon Musk's Tesla buyout tweet trial gets underwayElon Musk was depicted in a San Francisco courtroom Wednesday as either a reckless liar who callously jeopardized the savings of 'regular people' or a well-intentioned visionary.
Read more »