Musk set to take stand again in trial over Tesla funding tweet

Published by
Reuters UK

By Hyunjoo Jin and Jody Godoy (Reuters) – Elon Musk will take the stand on Tuesday in San Francisco, after telling a jury on Monday that he had locked up financial support in 2018 to take his electric car maker Tesla Inc private. Musk is defending against claims he defrauded investors by tweeting on Aug. 7, 2018, that he had “funding secured” to take Tesla private at $420 per share, and that “investor support is confirmed.” “With SpaceX stock alone, I felt funding was secured” for the buyout, Musk told a jury on Monday, referring to the aerospace company where he is also chief executive office…

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