Musk takes stand for third day in trial over Tesla funding tweet

Published by
Reuters

By Hyunjoo Jin and Jody Godoy (Reuters) -Elon Musk, Telsa Inc’s chief executive, took the stand on Tuesday in San Francisco a day after telling a jury that he had financial support in 2018 to take the electric car maker private, which shareholders allege was a lie. Musk is defending against claims he defrauded investors by tweeting on Aug. 7, 2018, that he had “funding secured” to take Tesla private at $420 per share, and that “investor support is confirmed.” “With SpaceX stock alone, I felt funding was secured” for the buyout, Musk told a jury on Monday, referring to the aerospace company whe…

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