The boss of the electric car company is on trial after investors claimed the 2018 tweet cost them millions of dollars when a deal did not go ahead. Mr Musk claims that he had met with a Saudi Arabia sovereign wealth fund who indicated they would support a deal. Elon Musk has told a court that he believed he had enough backing to take Tesla private at the time he issued a controversial tweet. Mr Musk is accused of defrauding investors after he tweeted on 7 August 2018 that he had “funding secured” to take Tesla private at $420 (£341) per share, and that “investor support is confirmed”. Was this a mode of marketing ?
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