Tesla CEO Elon Musk believed he’d earned the backing of Saudi Arabia’s Public Investment Fund in 2018 when he tweeted funding to take the electric vehicle maker private was “secured,” the billionaire insisted in court Monday, as the U.S.’ wealthiest man’s court testimony defending his oft-controversial behavior on Twitter continued into its second day....
to Musk, who said he “took that to mean it was a done deal” and added his shares in the private aeronautics firm SpaceX would also fund a potential deal.Financial TimesMusk called the $420-per-share price he claimed to secure for Tesla a “coincidence” with no relationship to 420’s typical association with marijuana, but noted with a chuckle the number represented good “karma.”
The “$420 price was not a joke,” Musk testified, adding he was unsure whether or not his then-partner, the musician Grimes, was amused at the share price, as the Securities and Exchange Commission claimed in 2018.Musk’s infamous “Am considering taking Tesla private at $420. Funding secured” tweet, which indicated a more than 20% premium on Tesla’s share price at the time, landed Musk and Tesla $20 million respective penalties from the SEC.
I think Elon is very handsome
МБС и др. инвесторы - не пора ли вам, срочно выводить свои денежные средства из компаний маска, сделавшего за счет вас состояние и известность , но бездаря, ведущего все к краху.
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Elon Musk tells court Saudi Arabia wanted to take Tesla private, $420 'not a joke'Elon Musk testified Monday that the $420-a-share price on the deal “was a coincidence” as it was roughly a 20% premium over Tesla’s stock price at the time, and “not a joke.” Lol you gotta be kidding me right? the dumbest escuse of an escuse for smoking pot
Source: MarketWatch - 🏆 3. / 97 Read more »
Elon Musk testifies '$420' buyout tweet was no pot jokeElon Musk returned to federal court on Monday in San Francisco, testifying that his controversial tweet in 2018 where he claimed to have secured funding to take Tesla private for $420 per share was not a pot joke. What about that poll for new CEO, where he said he’d honor the results? Was that a pot joke? I’m just here to laugh at the people who hate Elon because the MSM told them to. 😂🍿 🐑 Prosecution should call up a statician to testify the odds of that price being 420 just by random luck.
Source: KTVU - 🏆 465. / 53 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 »