Musk takes the stand in fraud trial over 2018 Tesla tweet

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Al-Araby

Tesla Chief Executive Elon Musk will take the witness stand again on Monday, as he defends himself against fraud claims that he lied when he tweeted in 2018 that he had funding to take the electric carmaker private. Millions of dollars are at stake as well as the reputation of Musk, whose personal stature is a central asset of the Tesla brand. The trial will test whether Musk’s penchant for taking to Twitter to air his sometimes irreverent views misleads investors and damages the value of the company. The case is a rare securities class action trial and the plaintiffs have already cleared high…

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