Elon Musk to jury: Just because I tweet something, doesn't mean people believe it

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Elon Musk, Tesla Inc's chief executive, told a jury on Friday investors do not always react to his Twitter messages as he expected in a trial over his 2018 interest in taking the electric carmaker private, which shareholders allege cost them millions in trading losses.

Elon Musk testified for less than 30 minutes before court adjourned until Monday. FILE PHOTO

He called it the most democratic way to communicate but said his tweets did not always affect Tesla stock the way he expected. Musk described the difficulties the company went through around the time he sent the "funding secured" tweet. Fries said that "funding secured" meant to him that "there had been some vetting, some critical review of those funding sources."

 

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