Musk tells jury buying Tesla at $420 a share was no joke

8 days ago Hindustan Times

Elon Musk on Monday told jurors that his 2018 tweet about taking Tesla private at $420 a share was no joke and that Saudi Arabia's sovereign wealth fund was serious about helping him do it. "It's difficult to appreciate just now just how much attack Tesla was under by short sellers who wanted Tesla to die," Musk told jurors. When confronted with exchanges with the Saudi fund that showed they wanted more details before committing to his buyout plan, Musk said the fund was "backpedalling". Musk testified that he understood the fund would do whatever it took to take Tesla private and had plenty of money to do it. "I'm being accused of fraud; it's outrageous," Musk said as his lawyer took over the questioning on Monday.
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