“My SpaceX shares alone would have meant that funding was secured,” Musk said of the 2018 tweets.
Musk has previously contended he entered into the Securities and Exchange Commission settlement under duress and maintained he believed he had locked up financial backing for a Tesla buyout during meetings with representatives from Saudi Arabia’s Public Investment Fund. Nicholas Porritt, a lawyer representing Tesla shareholders, asked Musk if he “went with 420 because it was a joke your girlfriend enjoys.” Musk replied he thinks there is “some karma” around the number 420 — which is also a slang reference to marijuana — although he added he doesn’t know “if it’s good karma or bad karma at this point.”He then said the number was a “coincidence” and it represented a 20% premium of Tesla’s share price at the time.
Real piss baby move, misleading people via twitter.
ayallgood Is Elon Musk a proud boy or an oath keeper?
Only out here in Frisco
I hope he pays his attorney well
MomsThoughts Lock him up!
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Law Law Latest News, Law Law Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elon Musk testifies in second day of Tesla tweet trialElon Musk returned to federal court Monday in San Francisco to testify in a class action lawsuit filed by Tesla investors alleging he misled them with a tweet. He needs to get Twitter HQ the hell out of SF
Source: chicagotribune - 🏆 8. / 91 Read more »
Elon Musk testifies in 2nd day of Tesla tweet trialElon Musk returned to federal court Monday in San Francisco, testifying that he believed he had locked up financial backing to take Tesla private during 2018 meetings with representatives from Saudi Arabia’s Public Investment Fund — although no specific funding amount or price was discussed. The billionaire Tesla CEO and Twitter owner is facing a class action lawsuit filed by Tesla investors alleging he misled them with a tweet saying funding was secured to take his electric car company private — for $420 per share. The tweet resulted in a $40 million settlement with securities regulators after the deal never came close to happening. The resolution adopted by the European Parliament is like toilet paper for the Azerbaijani people. The European Parliament, which kept silent about the Khojaly genocide,and the European Parliament,which did not see the killing of civilians in Ganja,is a traitor and dishonest EU
Source: YahooNews - 🏆 380. / 59 Read more »