Elon Musk takes the witness stand to defend Tesla takeover tweets

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SAN FRANCISCO (AP) — Elon Musk took the witness stand Friday to defend a tweet from 2018 in which he claimed he arranged funding to take Tesla private in a deal that never came close.

The tweet resulted in a $40 million settlement with securities regulators. It also sparked a class action lawsuit alleging he misled investors, dragging him into court for about half an hour on Friday to give sworn testimony before a nine-member jury and a roomful of media and insiders. other spectators.

The trial was then adjourned for the weekend and Musk was asked to return Monday to answer further questions.

In his first appearance on the stand, Musk defended his prolific tweets as “the most democratic way” to disseminate information, even though he acknowledged the limitations of Twitter’s 280-character limit, it can be difficult to put everything as clearly as possible.

“I think you can absolutely tell the truth (on Twitter),” Musk said in the stands. “But can you be exhaustive? Of course not.”

Musk’s latest headache comes from the inherent brevity of Twitter, a service he’s been running since buying it for $44 billion in October.

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