The tweet, which resulted in a $57m ($40 million) settlement with securities regulators, claimed he had lined up the financing to take Tesla non-public in a deal that by no means got here near taking place.
Musk, who stated he “had trouble sleeping last night and unfortunately I am not at my best,” testified that it was vital for jurors to know that he “felt that funding was secured” attributable to his possession of “SpaceX stock alone.”
“Just as I sold stock in Tesla to buy Twitter. … I didn’t want to sell Tesla stock but I did sell Tesla stock,” he stated of the inventory sale to make up for the shortage of funding from different sources for his $44 billion deal to take Twitter non-public.
“My SpaceX shares alone would have meant that funding was secured,” Musk stated.
