Musk testifies in fraud trial, factors out that not everybody believes what he says

Elon Musk wearing a suit while leaving a courthouse during a 2021 trial.

Enlarge / Tesla CEO Elon Musk leaves court docket through the SolarCity trial in Wilmington, Delaware, on July 12, 2021. (credit score: Getty Photos | Bloomberg)

Elon Musk started testifying immediately within the jury trial over whether or not his false tweets in 2018 about taking Tesla personal precipitated buyers to lose billions of {dollars}.

Throughout testimony in a federal courtroom in San Francisco, Musk denied that his tweets trigger Tesla’s inventory worth to go up or down. “Simply because I tweet one thing doesn’t imply individuals consider it or will act accordingly,” Musk stated in response to a query from lawyer Nicholas Porritt, who represents buyers within the class-action lawsuit towards Musk.

“It is tough to say that the inventory worth is linked to the tweets. There have been many instances the place I believed if I have been to tweet one thing that the inventory worth would go down,” the Tesla CEO stated on the witness stand.

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