Here are five things to know about Elon Musk’s testimony about his 2018 tweet saying he had secured funding to take Tesla private
Elon Musk, over three days of testimony during the past week, gave his reasoning behind the 2018 tweet in which the Tesla Inc. chief executive said he had secured funding to take the electric-car maker private.
The trial centers on the now-famous tweet by Mr. Musk from Aug. 7, 2018, that reads: “Am considering taking Tesla private at $420. Funding secured.” A class of Tesla investors at the time, arguing the tweet spurred investment decisions that led them to collectively lose billions of dollars as it became clear a deal wouldn’t take place.
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