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Trial Against Elon Musk: Elon Musk, the owner of Tesla and Twitter, is often in the headlines. In the case of the ‘wrong’ tweet made in the case of the purchase of Tesla shares in 2018, Elon Musk, while presenting his clarification, said that I was not joking. Along with this, he said that Musk had already discussed the matter with Saudi Arabia’s sovereign wealth fund to buy Tesla Shares at a price of $420 per share. Explain that Musk was answering the questions of his investors’ lawyers while defending a tweet made in the year 2018 in the court.
Musk gave this clarification on the figure of 420-
Along with this, the lawyers of the investors have also accused Musk of jokingly courting the price of $420. Lawyers say that the number 420 is often used for marijuana in the US. Responding to this allegation, Musk said that the $420 figure was not a joke. This figure was chosen because it was a premium of 20 per cent on Tesla’s shares. Along with this, Musk told the investors himself responsible for their loss, that his aim was not to harm the investors through his tweet.
The losses suffered by these investors are of their own doing. Explaining further in this matter, Musk said that he left the plan to buy Tesla’s shares when he came to know that Saudi Arabia’s sovereign wealth fund wanted to buy a large part of Tesla.
What is the matter?
Let us tell you that in the year 2018, Elon Musk said in a tweet that he is going to make Tesla a private company soon. For this, he will buy all the shares of Tesla at $ 420 per share. In his tweet, Musk claimed that he has raised enough funds to buy Tesla’s shares, which he is going to take from a Saudi exchange. Tesla’s shares have seen a tremendous rise since Musk’s tweet. . Along with this, he had said in another tweet that this decision also has the support of investors. Due to this tweet, investors accused Musk of speeding up Tesla’s shares by tweeting ‘wrong’ and filed a case against him.
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