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00:00Now with us both stood right here in San Francisco. Let's do something very local for going viral because the Tesla fraud trial is underway right here in this city and that Elon Musk continuing his testimony right on Monday. And he said, look, the Saudi Arabia's sovereign wealth fund, quote, unequivocally wanted to give him the money, but there was no email about it. He just said it was their word was as good as that. But of course, it's all in defensive some tweets he sent back in 2018. That's part one of the defense. The other thing and it extends from Friday is that Elon Musk kind of rejected the idea that his tweets influence test the share price. Naturally, he questioned how seriously anyone took his tweets. But having since bought Twitter, he sorts about Twitter being a very trustworthy, reliable source of news. So what it does in journalism? Yeah, well, we did what we always do in this show. We asked our audience to react to the quote that he put about whether or not his tweet should be trusted. He said, just because I tweet about something doesn't mean people believe it will act accordingly. Do you agree? Negative. Seven percent say that's insane, of course. They felt that he puts out tweets that people believe the act on. I mean, there has been criticism time and time again of the way in which he's perhaps talked up certain companies, certain crypto assets, goodness knows what the right poll move. And they make asset allocation decisions of what he tweets. And why he doesn't use a regulatory filing instead of a tweet. Tweet is his method of choice.

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Musk: Tesla Go-Private Plan Counted on SpaceX, Saudi Money

Bloomberg's Caroline Hyde and Ed Ludlow discuss Elon Musk's testimony in a San Francisco court where he emphasized that his 2018 tweet included the possibility of using his holdings in SpaceX to help finance the transaction, along with a multibillion-dollar Saudi commitment. (Source: Bloomberg)

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