Musk: Saudi sovereign fund wanted to take Tesla private

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Al-Araby

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. The Tesla chief returned to the witness stand to answer questions from lawyers for angry investors who accuse him of costing them millions of dollars with a pair of allegedly false tweets about having the funding secured to buy them out. A lawyer for the plaintiffs focused on Musk’s buyout figure of 420, a number that is also a popular rallying code for marijuana, which Musk uses. “420 was not chosen becaus…

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