Elon Musk Faces Trial Over His Tweets
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The jury is hearing claims by Twitter investors that Musk defrauded them by manipulating the platform’s share price so he could acquire it more cheaply.
Musk is on trial for a case filed by Twitter investors in 2022, the year he purchased the social media company for $44 billion.
Tesla CEO and X owner Elon Musk defended his online posts in the run up to his 2022 purchase of Twitter, saying they were just him thinking out loud.
Musk took the witness stand in San Francisco federal court Wednesday to defend himself against claims that he used his social media account to drive down Twitter’s stock price so that he could ultimately get a better deal for the company.