Elon Musk testified that Saudi Arabia's sovereign wealth fund “unequivocally” wanted to take Tesla Inc. private in 2018, a core element of his defense to claims that his tweets about the take-private plan misled shareholders.
As he resumed testifying Monday after a brief appearance on the witness stand Friday, Musk told jurors that he had discussions with the Saudi Public Investment Fund about the transaction. He said the amount required for the fund was “potentially” less than US$10 billion. Court filings indicate that Musk himself owned about 19 per cent of Tesla at the time. The billionaire would have needed more than 50 per cent to take the company private.
“That’s not really how they do business,” Musk said. “If they say they’re going to do something they do. A signed document is neither here nor there.”
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Motor Mouth: Elon Musk just can’t keep his freaking mouth shutTesla’s “Technoking” may choke on his own words in yet more court battles, and learn the hard way how much that can hurt drivingdotca Elon Musk... One small step for Freedom. One giant leap for Truth.
Source: calgaryherald - 🏆 64. / 52 Read more »
Motor Mouth: Elon Musk just can’t keep his freaking mouth shutTesla’s “Technoking” may choke on his own words in yet more court battles, and learn the hard way how much that can hurt
Source: OttawaCitizen - 🏆 21. / 68 Read more »
Motor Mouth: Elon Musk just can’t keep his freaking mouth shutTesla’s “Technoking” may choke on his own words in yet more court battles, and learn the hard way how much that can hurt drivingdotca What I find far more interesting than this story itself is the obvious and disgraceful hatred of Elon Musk made plain to see by the story's headline. drivingdotca I'm thinking he's busy remodeling his Twitterverse drivingdotca This appears to be written by a former fanboy who has lost their sh*t when Elon did something worth while by buying Twitter...this article smacks of sore-ass loser talk.
Source: VancouverSun - 🏆 49. / 61 Read more »
Motor Mouth: Elon Musk just can’t keep his freaking mouth shutTesla’s “Technoking” may choke on his own words in yet more court battles, and learn the hard way how much that can hurt drivingdotca Problem with Canada? We don’t actually have conservative people, we have people who are less extreme on the left, we have people who have no gut to insist on their conservatism. Do you mean like how Elon exposed how the US govt stabbed Canadians in the back? drivingdotca You shut up. We love Elon
Source: nationalpost - 🏆 10. / 80 Read more »