Elon Musk gave his third day of testimony in a lawsuit filed by a group of Tesla investors. The plaintiffs claim that Musk's 2018 tweets about Tesla's possible privatization cost them millions of dollars. During his speech, Musk came close to expressing his sadness over the financial losses suffered by Tesla investors.
Aid is always appreciated.
Musk was initially offended by plaintiffs' lawyer Nicholas Porritt about the harm caused by his remarks.
Edward Chen, a district court judge, rebuked this phrase with outright outrage.
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Musk attempted to invoke a court order to refrain from making a comment on the company's current value on several occasions. Chen warned him that it was against the rules.
The jury will need to decide whether or not Musk is responsible for potential billions in damages to Tesla investors. If he fails, he could be held liable for billions in damages.
Elon Musk declared on Twitter that he wants to make Tesla a private corporation, rather than having private conversations with the largest of them. Musk said later that he did not intend to give up his positions as chairman of the board of directors and CEO of Tesla. Later, the Securities and Exchange Commission accused Elon Musk of fraud and demanded that he be barred from managing public corporations.