Elon Musk, the CEO of both Tesla and Twitter, made a surprise appearance in a San Francisco federal courtroom during a high-profile trial focused on a 2018 tweet about the financing for a Tesla buyout that never happened.
VIDEO: Elon Musk takes the standThe verdict by the nine jurors was reached after less that two hours of deliberation following a three-week trial.
The three-week trial has pitted Tesla investors represented in a class-action lawsuit against Musk, who is CEO of both the electric automaker and the Twitter service he bought for for $44 billion a few months ago. Musk's decision to show up for the closing arguments — even though his presence wasn't required — underscores the importance of the trial’s outcome to him.
Alex Spiro, Musk’s attorney, conceded the 2018 tweets were “technically inaccurate.” But he told the jurors, “Just because it’s a bad tweet doesn’t make it a fraud.” Porritt, meanwhile, scoffed at the notion that Musk could have concluded he had a firm commitment after a 45-minute meeting at a Tesla factory on July 31, 2018, with Yasir al-Rumayyan, governor of Saudi Arabia’s wealth fund, given there was no written documentation.
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