14 days ago
News24
He called it the most democratic way to communicate but said his tweets did not always affect Tesla stock the way he expected. "Just because I tweet something does not mean people believe it or will act accordingly," Musk told the jury in San Francisco federal court. The case is a rare securities class action trial and the plaintiffs have already cleared high legal hurdles, with U.S. Judge Edward Chen ruling last year that Musk's funding post was untruthful and reckless. Earlier on Friday, Tesla investor Timothy Fries told the jury that he lost $5,000 buying Tesla stock after Musk sent the tweet, which sparked volatile swings in Tesla's stock. The defendants include current and former Tesla directors, whom Spiro said had "pure" motives in their response to Musk's plan.
Continue reading...
