SAN FRANCISCO : A court said that Elon Musk's 2018 tweets that funding was secured to take Tesla private was inaccurate and reckless, saying"there was nothing concrete" about financing from Saudi Arabia's sovereign wealth fund at that time.
He said details such as the total amount of funding needed to take Tesla private or the price to be paid for Tesla stock were not discussed. He said it is are that class action plaintiffs get summary judgment on falsity and scienter before going to a jury trial, scheduled in January.
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