Musk trial: lawyers clash over whether CEO lied in 2018 Tesla tweet

Published by
Reuters

By Jody Godoy SAN FRANCISCO (Reuters) -Tesla Inc CEO Elon Musk “lied” when he said that funding was “secured” to take the company private, a lawyer for Tesla investors said on Wednesday, as an attorney for Musk argued that the billionaire merely used the “wrong words” when he tweeted about his plans in 2018. Tesla investor Glen Littleton is seeking damages on behalf of shareholders who traded the company’s stock in the days after Musk posted his plan to take the company private on Twitter in August 2018. Musk’s alleged lies caused “regular people” to lose millions, Nicholas Porritt, lead attor…

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