Elon Musk stated that simply because he tweets one thing, it "does not mean people believe it or will act accordingly." The Tesla chief took the witness stand in a San Francisco federal courtroom to defend himself (and the tweets he made again in 2018) in a lawsuit filed by a gaggle of the automaker's shareholders. "I think you can absolutely be truthful but can you be comprehensive? Of course not," he added, concerning Twitter's character limits. If you'll recall, Musk famously tweeted in August 2018 that he was "considering taking Tesla private at $420" and that he was already in a position to safe funding. "Investor support is confirmed," he stated in a follow-up tweet.
The CEO later revealed that he was in talks with Saudi Arabia's Public Investment Fund, which reportedly expressed curiosity in Tesla as a part of the nation's bid to reduce its reliance on oil. However, the deal didn't materialize, and he later penned a prolonged put up on the automaker's web site to say that it's staying public.
As CNBC…
2023-01-21 04:51:59
Source from www.engadget.com