Published 1 year ago

Musk says SpaceX shares could have helped fund taking Tesla private

Summary by Automotive News

Elon Musk told jurors he was sure he had locked up financial support from Saudi investors in 2018 to take his electric car maker Tesla Inc. private, and could even have used his stake in rocket company SpaceX to fund a buyout.

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Times of India

Buying Tesla at $420 a share was no joke, Elon Musk tells jury

"420 was not chosen because of a joke; it was chosen because there was a 20 percent premium over the stock price," Musk said when asked if he was having a laugh when he made the tweet.

1 year ago·India

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News18 India

‘Tesla Share Tweets Not a Joke, Had SpaceX Shares to Fund Buyout’: Elon Tells Jury

Elon Musk on Monday told jurors that his 2018 tweet about taking Tesla private at $420 a share was no joke and that Saudi Arabia's sovereign wealth fund was serious about helping him do it

1 year ago·India

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Reuters

Musk says his SpaceX shares could have also helped fund taking Tesla private

Elon Musk told jurors on Monday he was sure he had locked up financial support from Saudi investors in 2018 to take his electric car maker Tesla Inc private, and could even have used his stake in rocket company SpaceX to fund a buyout.

1 year ago·United Kingdom

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New York Post

Elon Musk testifies at fraud trial that Saudis wanted to take Tesla private

Elon Musk testified on Monday that he was sure he had backing from Saudi financiers in 2018 to take Tesla private, as he defended against claims he defrauded investors by tweeting later that year about his electric car company.

1 year ago·New York, United States

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CNBC

Elon Musk testifies he would have sold SpaceX stock to take Tesla private in 2018

Tesla CEO Elon Musk took the witness stand on Monday to defend himself against allegations that he committed securities fraud and cost shareholders money.

1 year ago·United States

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CBS News

Elon Musk returns to witness stand at Tesla tweet trial

Elon Musk returned to federal court Monday in San Francisco to testify in a class action lawsuit filed by Tesla investors alleging he misled them with a tweet.

1 year ago

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