Hyperdrive
Tesla Ex-CFO Says Timing of Musk’s Go-Private Tweet Wasn’t Ideal
- Deepak Ahuja testifies he had not seen draft of 2018 tweet
- Investors claim misleading posts led them to lose millions
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Tesla Inc.’s former chief financial officer told a jury that Elon Musk’s 2018 tweet about taking the company private was at odds with a regulatory preference not to release “material information” in the middle of a trading day.
Wednesday’s testimony from Deepak Ahuja, in the second week of a securities fraud trial, revealed that the company’s No. 2 executive wasn’t apprised before Musk made his bombshell proposal on Aug. 7, 2018.