Elon Musk, Tesla Inc's chief executive, testified on Friday that investors do not always react to his Twitter messages as he expects, defending himself in a fraud trial over his 2018 tweet that he had funding to take the electric carmaker private.
Musk testified for less than 30 minutes before court adjourned until Monday and he was not asked about his 2018 tweet that he was considering taking Tesla private and that he had"funding secured." Musk described the difficulties the company went through around the time he sent the"funding secured" tweet, including bets by short-sellers that the stock would fall.
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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