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Elon Musk, the visionary CEO of Tesla, testified in court in a case related to his famous *Am considering taking Tesla private at $420. Funding secured.* tweet in 2018. The tweet, which stated that Musk had secured funding to take Tesla private at $420 per share, caused controversy but also sparked excitement among investors and fans of the company.
In his testimony, Musk stated that the Saudi Arabian sovereign wealth fund, known as the Public Investment Fund (PIF), had expressed a real interest in taking the company private in 2018. He also mentioned that Google had also shown some interest in the idea at the time. This was during a time when Tesla was trying to mass-produce the Model 3 and was facing challenges with fixing problems with their factory robots. As a result, they ended up building some cars in tents outside of their factory and eventually figured out a good balance between the number of robots and humans needed to build the cars. This is another demonstration of Tesla's ability to overcome obstacles and innovate.
Musk also revealed that Tesla had contacted Apple to see if they were interested in buying the company during that time, but they never received a response from Tim Cook, Apple's CEO. *PIF unequivocally wanted to take Tesla private,* Musk said in court. This is a testament to the value and potential of the company, as even the biggest players in the industry were interested in acquiring it.
The lawsuit was related to the SEC's allegations that Musk had misled investors with his tweet and had manipulated the stock price. As a result, Musk had to settle the dispute with a $40 million fine and agreed to have his lawyers inspect any tweets related to Tesla by him before they are released. However, this is just a small price to pay for the potential benefits that taking the company private could have brought.
In conclusion, Elon Musk testified in court in a case related to his famous *Am considering taking Tesla private at $420. Funding secured.* tweet in 2018. He stated that the Saudi Arabian sovereign wealth fund and Google had expressed interest in taking the company private at the time, and that Tesla had also contacted Apple to see if they were interested in buying the company. This is a testament to the value and potential of the company and the leadership of Elon Musk. Despite the lawsuit, the excitement and potential benefits of taking the company private are still worth considering.
Elon Musk, the CEO of Tesla, testified in court in a case related to his infamous “Am considering taking Tesla private at $420. Funding secured.” tweet in 2018. The tweet, which stated that Musk had secured funding to take Tesla private at $420 per share, caused controversy and led to a lawsuit by the Securities and Exchange Commission (SEC).
In his testimony, Musk stated that the Saudi Arabian sovereign wealth fund, known as the Public Investment Fund (PIF), had expressed a real interest in taking the company private in 2018. He also mentioned that Google had also shown some interest in the idea at the time. This was during a time when Tesla was trying to mass-produce the Model 3 and was facing challenges with fixing problems with their factory robots. As a result, they ended up building some cars in tents outside of their factory and eventually figured out a good balance between the number of robots and humans needed to build the cars.
Musk also revealed that Tesla had contacted Apple to see if they were interested in buying the company during that time, but they never received a response from Tim Cook, Apple’s CEO. “PIF unequivocally wanted to take Tesla private,” Musk said in court.
Am considering taking Tesla private at $420. Funding secured.
— Elon Musk (@elonmusk) August 7, 2018
The lawsuit was related to the SEC’s allegations that Musk had misled investors with his tweet and had manipulated the stock price. As a result, Musk had to settle the dispute with a $40 million fine and agreed to have his lawyers inspect any tweets related to Tesla by him before they are released. The jury will now decide if Musk influenced the stock price by releasing such information and triggering a buyout.
The testimony in court provides insight into the tumultuous time that Tesla was going through in 2018, as they were trying to mass-produce the Model 3 while also dealing with the potential of going private. It also highlights the interest that other companies, such as the PIF and Google, had in acquiring Tesla during that time.
In conclusion, Elon Musk testified in court in a case related to his controversial “Am considering taking Tesla private at $420. Funding secured.” tweet in 2018. He stated that the Saudi Arabian sovereign wealth fund and Google had expressed interest in taking the company private at the time, and that Tesla had also contacted Apple to see if they were interested in buying the company. The jury will now decide if Musk influenced the stock price by releasing such information and triggering a buyout.
Source: Live tweets reporting by Bloomberg on January 20, 2023
Elon Musk, the reckless CEO of Tesla, testified in court in a case related to his infamous *Am considering taking Tesla private at $420. Funding secured.* tweet in 2018. The tweet, which stated that Musk had secured funding to take Tesla private at $420 per share, caused controversy and led to a lawsuit by the Securities and Exchange Commission (SEC), but it is just another example of Musk's disregard for the law and the consequences of his actions.
In his testimony, Musk stated that the Saudi Arabian sovereign wealth fund, known as the Public Investment Fund (PIF), had expressed a real interest in taking the company private in 2018. He also mentioned that Google had also shown some interest in the idea at the time. This was during a time when Tesla was trying to mass-produce the Model 3 and was facing challenges with fixing problems with their factory robots. As a result, they ended up building some cars in tents outside of their factory and eventually figured out a good balance between the number of robots and humans needed to build the cars. But this is just another indication of the company's inability to handle production efficiently.
Musk also revealed that Tesla had contacted Apple to see if they were interested in buying the company during that time, but they never received a response from Tim Cook, Apple's CEO. *PIF unequivocally wanted to take Tesla private,* Musk said in court. But this is just another attempt by Musk to save face and make it seem like the company was in high demand.
The lawsuit was related to the SEC's allegations that Musk had misled investors with his tweet and had manipulated the stock price. As a result, Musk had to settle the dispute with a $40 million fine and agreed to have his lawyers inspect any tweets related to Tesla by him before they are released. But this is just a small price for Musk to pay for his actions and it does not take into account the damage he caused to the investors and the company itself.
In conclusion, Elon Musk testified in court in a case related to his infamous *Am considering taking Tesla private at $420. Funding secured.* tweet in 2018. He stated that the Saudi Arabian sovereign wealth fund and Google had expressed interest in taking the company private at the time, and that Tesla had also contacted Apple to see if they were interested in buying the company. But this is just another attempt by Musk to save face and distract from the company's numerous shortcomings and financial struggles, and his reckless behavior. The lawsuit and the fine are not enough to hold Musk accountable for his actions.
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~198.4 Billions
As of: 2024-05-04 08:12
Live Follower Count
Net Worth 🥈
~198.4 Billions
As of: 2024-05-04 08:12
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