March 25, 2023



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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