Ex-aide says Elon Musk had 'handshake deal' for Tesla b...
Elon Musk’s former chief of staff has testified that the billionaire believed he had a “handshake deal” to take Tesla private in 2018
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Elon Musk’s former chief of staff has testified that the billionaire believed he had a “handshake deal” to take Tesla private in 2018
<div class="at-above-post addthis_tool" data-url="http://www.metro.us/ex-aide-says-elon-musk-had-handshake-deal-for-tesla-buyout/"></div>SAN FRANCISCO (AP) — Elon Musk’s former chief of staff on Wednesday testified that the billionaire believed he had a “handshake deal” to take Tesla private in 2018 shortly before he tweeted he had the financing for an aborted buyout that is still haunting him in a high-profile trial. Sam Teller, who worked closely Musk […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- ...
SAN FRANCISCO (AP) -- An Elon Musk tweet declaring he had the financing to take Tesla private in 2018 caused billions of dollars in investor damages after
Testimony presented to jurors was aimed at showing that Elon Musk’s August 2018 Twitter posts sent Tesla’s stock on a roller coaster ride that hurt investors who held a variety of positions.
A witness argued that Elon Musk’s 2018 tweet claiming to have secured funding to take Tesla private cost investors US$12 billion, a figure that does not just apply to those part of the lawsuit.