Jury hears Elon Musk told ‘lies’ that cost Tesla investors millions

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AFP

San Francisco (AFP) – A lawyer for angry Tesla investors told a California courtroom on Wednesday that CEO Elon Musk “lied” about having funding in place to take the company private, costing his clients millions of dollars. More than four years after firing off tweets saying he had funding secured to buy the electric car maker at $420 a share, investors who felt burned by the misleading statements began to make their case in the San Francisco court. The tweets in the summer of 2018 sent the Tesla share price on a rollercoaster ride and Musk was sued by shareholders who say the tycoon acted rec…

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