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technologyClosed Jan 24, 2023

Elon Musk Securities-Fraud Trial

  • Musk says take-private tweet was ‘doing the right thing’
  • Saudi fund ‘unequivocally’ wanted to take Tesla private: Musk
  • Tesla CEO says $420-per-share go-private price ‘not a joke’
  • He says no causal link between tweets, share-price moves
Musk is adamant that investor Ron Baron, as well as the “Kingdom of Saudi Arabia,” committed to financing the transaction to take Tesla private.

“They committed to do so,” Musk says.