SAN FRANCISCO: A lawyer for angry Tesla investors told a California courtroom on Wednesday that CEO Elon Musk"lied" about having funding in place to take the company private, costing his clients millions of dollars.
"Elon Musk, Tesla's chair and chief executive, lied," said attorney Nicholas Porritt, who represents Glen Littleton and other investors in the electric car company. Musk denies he was being deceitful and his lawyers are expected to call on witnesses to vouch for his plans at the time, including testimony from Musk's friend and fellow billionaire Larry Ellison.The case revolves around a pair of tweets in which Musk said"funding secured" for a project to buy out the publicly-traded electric automaker, then in a second tweet added that"investor support is confirmed".
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