Elon Musk admits his X posts 'may have done more to financially impair the company than to help it'

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X owner Elon Musk admitted his posts on the platform have done more to financially hurt the company than help.

Tesla CEO Elon Musk leaves the Tesla Gigafactory for electric cars after a visit in Gruenheide near Berlin, Germany, Wednesday, March 13, 2024. Power has been restored to electric car manufacturer Tesla’s factory near Berlin about a week after an …said his posting habits have not changed since he took the reins at X in 2022 and that they have likely hurt the company financially. The Huffington Post first published the transcript of the deposition.

“I’ve probably done — I may have done more to financially impair the company than to help it, but certainly I — I do not guide my posts by what is financially beneficial but by what I believe is interesting or important or entertaining to the public,” he said in the deposition.’s comments are often cited as a major reason for X’s financial decline, especially after he told apprehensive advertisers to go “f—-” themselves at a conference in November.

The deposition is part of a defamation lawsuit brought by X user Ben Brody last fall. The suit accuses the billionaire of pushing a conspiracy theory that asserted Mr. Brody was at the center of a “false flag” attack aimed at conservatives.said the incident was staged and that Mr. Brody was a government agent. The video, and Mr. Musk’s post, made the rounds in conservative circles on X. Mr. Brody was not at the event in question and was falsely identified.claimed to be unaware of who Mr.

 

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Elon Musk Admits Twitter Posts May Have Financially Harmed CompanyElon Musk admits in a deposition that his posts on Twitter may have had a negative financial impact on the company. He also acknowledges having a limited understanding of the defamation lawsuit against him.
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