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Elon Musk expected to testify in Tesla takeover trial

Elon Musk expected to testify in Tesla takeover trial

The case is a rare securities class-action trial in which the judge has already ruled the carmaker founder’s tweet was recklessElon Musk is expected to testify as early as Friday in a jury trial over his 2018 Twitter post that he had “funding secured” to take Tesla private, which shareholders allege cost them millions in trading losses.The class action trial in San Francisco federal court centers on allegations that the Tesla CEO lied when he sent the tweet, costing investors. It resumed on Friday morning with investor Timothy Fries telling the jury how he lost $5,000 buying Tesla stock after Musk sent the tweet at the center of the lawsuit.

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