Hyperdrive

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
Photographer: Al Drago/Bloomberg

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By Dana Hull

February 2, 2022 at 5:30 AM UTC

Updated on

February 2, 2022 at 5:44 PM UTC

This article is for subscribers only.

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.