Elon Musk's 'lies' about Tesla on Twitter cost investors millions, court told

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A lawyer for the billionaire told jurors in San Francisco that Musk had merely used the 'wrong words' when he shared claims that he had 'secured' funding to take Tesla private on Twitter.

The lawyer did however tell the jury that Musk's Twitter post contained some"technical inaccuracies".Littleton, giving his testimony to the court, said he had invested in Tesla in 2015.

He said after seeing Musk's"funding secured" post he had scrambled to unwind his Tesla options positions, which the tweet made unprofitable. A jury of nine will decide whether Musk's tweets artificially inflated Tesla's share price by playing up the status of funding for the deal, and if so, by how much.The judge, Edward Chen, denied a request by Musk to have the case moved to Texas last week, with the billionaire expressing concern that potential jurors in California would be biased against him.

 

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Twitter should have been held to account for allowing lies to be published on their platform.

Musk is one very weird individual, he, maybe, has a technical super brain, but he mentally/socially/emotionally operates in a very confused way, to fulfill his different view/expectation of life.

A PM lying on Twitter is OK though?

The left really are pissed off ain’t they.

oh so you have not heard about this then- js

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Elon Musk and Tesla going on trial over claims his tweets cost investors billions of dollarsElon Musk, who has since bought Twitter, caused a stir on the social media platform in 2018 when he claimed he had secured funding to take Tesla private. May he go broke and lose it all. Buying a company, then using it to lose your other companies money is quite a move. This man clearly knows what he is doing. 🤣wow
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Elon Musk begins trial over Tesla tweet that cost him $20mShareholders are suing the Tesla CEO over a 2018 tweet saying he had the funds to take the firm private. thunderf00t - Busy day today! He failed in getting the trial transferred to Texas. 😬
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Elon Musk made ‘split-second’ decision on Tesla tweet after FT story, lawyer says\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t 'I impulsively tweet stupid and harmful shit like a middle-schooler' is a proper defense? Though, I guess it can, as it seems to work for Trump. Prisons are full of people who made split second decisions
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