‘Teflon’ Elon Wins Again as Jury Rejects Tweet Fraud Claims

Though many executives testified, the trial was all about Musk. A one point while the billionaire was on the stand, the lead lawyer for the shareholders mistakenly referred to Musk as “Mr. Tweet,” a name he seemed to enjoy and briefly embraced as the handle for his Twitter account.

Musk’s defense asked jurors to imagine a world through the entrepreneur’s eyes, in which a $60 billion deal to take Tesla private could be done on a handshake. The jury learned of his relationship with Yasir Al-Rumayyan, the governor of Saudi Arabia’s Public Investment Fund, and a 2017 dinner with him joined by Softbank CEO Masayoshi Son, where taking Tesla private was discussed.

Musk testified that the “funding secured” tweet was “absolutely truthful,” touting what he described as an “unequivocal” commitment by Saudi Arabia even though he had nothing in writing.

Source: ‘Teflon’ Elon Wins Again as Jury Rejects Tweet Fraud Claims (2)