Musk's Tesla Twitter Tweet Twial Twerks & Twists!
Channel: Stock Docta' Trading
Date: 2023-01-17

#musk #elonmusk #tesla #tsla #telsatrail #teslaStock #shorts 

Elon Musk set to face trial today over tweets he made in 2018 regarding the possibility of taking Tesla private. This case is happening in Northern California in a district court, a federal court there. We'll be watching for what transpires. Hopefully a jury will be selected in this case, will get moving along. Now, here, this is a shareholder action.

This is Tesla shareholders bringing this action against Elon Musk, alleging billions of dollars in damages over that 2018 now infamous tweet that we have all become so familiar with, where Elon Musk had said that funding was secured to take Tesla private at $420 a share. That was on August 7th of that year. He went on after that to say that investor support is confirmed and that the only reason why the deal was not certain is because it was contingent on a shareholder vote now, but nonetheless, he has also produced some evidence in the case showing that he was having talked with Saudi Arabia's public investment fund.

So he is going to be using that expectedly as part of his defense.
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