Musk’s tweets could cost him billions in damages.
For weeks, the jury has heard a litany of witnesses — including Musk himself — recount the events leading up to and following the August 7th, 2018, tweet. Musk claimed that meetings with Saudi Arabia’s sovereign wealth fund left him convinced that he would have the funding to take Tesla private. But within weeks, Musk had abandoned the deal, leaving some Tesla investors billions of dollars in the hole.
In his closing argument, plaintiffs’ attorney Nicholas Porritt said Musk needs to be held accountable for tweets that were already ruled to be false. “This case ultimately is about whether the rules that apply to everyone else should also apply to Elon Musk,” Porritt argued. “Billionaires don’t get to operate under a different set of rules.”
, the governor of Saudi Arabia’s Public Investment Fund. Musk tried to bully the Saudi official, threatening to cut him off unless he publicly affirmed the take-private deal, the attorney said.
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