The lawsuit examines whether the Tesla CEO committed fraud and disadvantaged investors with his tweet about taking the electric car manufacturer from the stock exchange.
Billions of dollars in damage
Musk sent the tweet in 2018. A group of investors has sued Musk and Tesla, alleging that the tweet caused billions of dollars in damage. According to the investors, the tweet that Musk could take Tesla private with money from Saudi investors was false and misleading.
Musk’s lawyer argued in court on Thursday that while the message was “hasty,” it was also “irrefutably true.”
Use social media
Musk’s interrogation lasted less than half an hour. He was not asked about the tweet in question, but about his use of social media such as Twitter.
When asked by one of the investor’s lawyers if he thinks his tweets should be accurate, Musk replied that he provides information “that the public needs to know,” but that the 240-character limit for a Twitter message means he’s not doing much. has space.
The trial continues on Monday.
