SAN FRANCISCO — Elon Musk took the witness stand Friday to defend aclaiming he had lined up the financing to take Tesla private in a deal that never came close to happening.
In his initial appearance on the stand, Musk defended his prolific tweeting as "the most democratic way" to distribute information even while acknowledging constraints of Twitter's 280-character limit can make it difficult to make everything as clear as possible. The impulsive billionaire came into court wearing a dark suit and tie on the third day of the civil trial in San Francisco that his lawyer unsuccessfully tried to move to Texas, where Tesla is now headquartered, on the premise that media coverage of his tumultuous takeover of Twitter had tainted the jury pool.
When shown communications from Tesla investors urging him to curtail or completely stop his Twitter habit before the 2018 buyout tweet, Musk said he couldn't remember all those interactions from years ago, especially since he gets a "Niagara Falls" of emails. An expert on corporate buyouts hired by shareholder lawyers to study the events surrounding Musk's proposal to take Tesla private spent the bulk of his three hours on the stand Friday deriding the plan as an ill-conceived concept.
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