Elon Musk was depicted Wednesday as either a liar who callously jeopardized the savings of “regular people' or a well-intentioned visionary as attorneys delivered opening statements at a trial focused on a Tesla buyout that never happened.
“Mr. Musk tries to do things that have never been done before. Everyone knows that," Spiro told the jury.
After saying “funding secured" for the buyout, Musk followed up with another tweet that suggested a deal was imminent. “'Funding secured' was the only thing that mattered to me,” Littleton testified. “That was such a defining statement." But Chen has already ruled that Musk's tweet was false, a finding that can be alluded to during the trial without specifically mentioning the determination made by the judge. Pollitt seized on that opportunity during his opening statement, informing jurors that they are to assume Musk's tweet was false, as the judge allowed. Spiro shook his head as he listened.
Musk’s leadership of Twitter — where he has gutted the staff and alienated users and advertisers — has proven unpopular among Tesla’s current stockholders, who are worried that he has been devoting less time to automaker at a time of intensifying competition.
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Here's what's at stake in Elon Musk's Tesla tweet trialIn 2018, Musk tweeted he had secured enough funding to take Tesla private, but a deal never materialized. A trial over the risk he brought to shareholders could further tarnish the CEO's reputation.
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Here's what's at stake in Elon Musk's Tesla tweet trialIn 2018, Musk tweeted he had secured enough funding to take Tesla private, but a deal never materialized. A trial over the risk he brought to shareholders could further tarnish the CEO's reputation.
Baca lebih lajut »
Jury selection to begin for trial over Elon Musk tweets about TeslaBack in 2018, Musk claimed he had lined up the financing to pay for a $72 billion buyout of Tesla. But that never happened.
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Jury selection to begin for trial over Elon Musk tweets about TeslaBack in 2018, Musk claimed he had lined up the financing to pay for a $72 billion buyout of Tesla. But that never happened.
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Jury selection to begin for trial over Elon Musk tweets about TeslaA 2018 Elon Musk tweet made it seem as if he'd lined up the financing to pay for a $72B buyout of Tesla. Now he's facing trial in San Francisco.
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Jury selection to begin for trial over Elon Musk tweets about TeslaBack in 2018, Musk claimed he had lined up the financing to pay for a $72 billion buyout of Tesla. But that never happened.
Baca lebih lajut »