Musk expected to take stand as trial resumes over Tesla tweet

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Reuters

(Reuters) – Elon Musk, Tesla Inc’s chief executive, is likely to be called to testify on Friday in a jury trial over his 2018 tweet that he had “funding secured” to take the electric carmaker private, which shareholders allege cost them millions in trading losses. The billionaire entrepreneur is listed as the third possible witness on Friday, after a securities expert and a Tesla investor, in the class action trial in San Francisco federal court. Musk, known for combative testimony, is expected to address why he has insisted he had Saudi investor backing for the deal, which never came together…

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