Elon Musk Testifies , in Trial Over Tweets , About Taking Tesla Private.<br />On January 23, Tesla CEO Elon Musk took the witness <br />stand in a trial to determine whether he intentionally <br />mislead investors with an August 2018 tweet. .<br />On January 23, Tesla CEO Elon Musk took the witness <br />stand in a trial to determine whether he intentionally <br />mislead investors with an August 2018 tweet. .<br />The lawsuit made by Tesla investors claims that Musk's <br />tweet stating that he had "secured" funding for taking <br />Tesla private caused them to lose large sums of money.<br />The lawsuit made by Tesla investors claims that Musk's <br />tweet stating that he had "secured" funding for taking <br />Tesla private caused them to lose large sums of money.<br />The tweet has already been <br />ruled as both false and reckless <br />by U.S. Judge Edward Chen. .<br />NBC reports that Musk believes he can <br />convince the jury that he was unaware <br />that the tweet was false when he sent it. .<br />NBC reports that Musk believes he can <br />convince the jury that he was unaware <br />that the tweet was false when he sent it. .<br />Musk has also suggested that movements<br />in Tesla's stock price are not <br />dictated by his personal tweets.<br />Just because I tweet something <br />does not mean people believe it <br />or will act accordingly, Elon Musk, Tesla CEO, via NBC.<br />According to Musk's attorney, Alex Spiro, the Tesla <br />CEO was taking steps to finalize a deal with Saudi <br />backers back in 2018 when he sent the tweet. .<br />According to Musk's attorney, Alex Spiro, the Tesla <br />CEO was taking steps to finalize a deal with Saudi <br />backers back in 2018 when he sent the tweet. .<br />Spiro suggests that Musk was trying to protect the <br />"everyday shareholder" by sending the tweet, which <br />may have contained some "technical inaccuracies.".<br />Spiro suggests that Musk was trying to protect the <br />"everyday shareholder" by sending the tweet, which <br />may have contained some "technical inaccuracies.".<br />Nicholas Porritt, a lawyer representing shareholders, <br />argues that Musk was fully aware the deal with Saudi <br />Arabia's public investment fund was not final at the time. .<br />Nicholas Porritt, a lawyer representing shareholders, <br />argues that Musk was fully aware the deal with Saudi <br />Arabia's public investment fund was not final at the time.
