Elon Musk: Tweets about taking Tesla private weren't fraud

8 days ago Stuff.co.nz

Vicki Behringer/AP In this courtroom sketch is Elon Musk, left, with shareholder attorney Nicholas Porritt appears in federal court as U.S. District Judge Edward Chen, right, looks on. I didn't want to sell Tesla stock but I did sell Tesla stock,” he said of the sale to make up for lack of funding from other sources for his $44 billion deal to take Twitter private. “My SpaceX shares alone would have meant that funding was secured,” Musk said of the 2018 tweets. Vicki Behringer/AP In this courtroom sketch is Elon Musk, left, with one of his tweets displayed on a screen and shareholder attorney Nicholas Porritt in federal court. After it became apparent that the money wasn’t in place to take Tesla private, Musk stepped down as Tesla’s chairman while remaining CEO as part of the SEC settlement, without acknowledging wrongdoing.
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