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Musk Says His Tweet About Taking Tesla Private Was ‘Entirely Truthful’

  • CEO’s legal team insists he secured funding, investor support
  • Shareholders claim Musk’s tweets cost them billions of dollars
Elon Musk

Elon Musk

Photographer: Al Drago/Bloomberg
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Elon Musk says his 2018 tweet about planning to take Tesla Inc. private was “entirely truthful” and that investors who claim the missive was fraudulent are wrong.

Lawyers for the billionaire chief executive officer of the electric-car maker said in a court filing Tuesday that Saudi Arabia’s sovereign wealth fund had indeed agreed to support his attempt to take the company private.