March 29, 2024

AndronETalksNews

AndronETalksNews

Elon Musk claims it was ‘entirely truthful’ he had Saudi deal to take Tesla private

New York Post

 

Elon Musk claims that his now-infamous tweet claiming that Saudi Arabia had agreed to fund a 2018 buyout of Tesla was “entirely truthful,” pushing back against investors who are alleging it amounted to fraud, according to a federal court motion late Tuesday in California.

In the late Tuesday filing in the US District of Northern California, Musk lays out in detail for the first time his version of events leading to his Aug. 7, 2018, tweet that sparked a firestorm on social media — and a rap on the knuckles from federal regulators:

“Am considering taking Tesla private at $420. Funding secured,” Musk tweeted that day.

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