Elon Musk, at trial, says he was sure Saudis backed taking Tesla private

Published by
Reuters

By Hyunjoo Jin and Jody Godoy SAN FRANCISCO (Reuters) – Elon Musk testified on Monday that he was sure he had backing from Saudi financiers in 2018 to take Tesla Inc private, as he defended against claims he defrauded investors by tweeting later that year about his electric car company. At a trial in San Francisco federal court, Musk told the investors’ lawyer Nicholas Porritt that he had met with representatives of Saudi Arabia’s sovereign wealth fund, the Public Investment Fund, at Tesla’s Fremont, California, factory on July 31, 2018, and that “PIF unequivocally wanted to take Tesla private…

Read More