Elon Musk was depicted as either a liar who callously jeopardized the savings of 'regular people' or a well-intentioned visionary at the trial over 2018 Musk tweets about taking Tesla private.
Lawyers on opposing sides drew the starkly different portraits of Musk for a nine-person jury that will hear the three-week trial. The case is focused on two August 2018 tweets that the billionaire posted on Twitter, which he now owns.at a time when the automaker's stock was slumping amid production problems.
"Why are we here?" Porritt asked."We are here because Elon Musk, chairman and chief executive of Tesla, lied. His lies caused regular people like Glen Littleton to lose millions and millions of dollars." He also asserted that Musk's tweet also hurt pension funds and other organizations that owned Tesla stock at the time.
"He didn't plan to tweet this," Spiro said of Musk's Aug. 7, 2018, statement at the heart of the trial."It was a split-second decision" aimed at being as transparent as possible about the discussions with the Saudi fund about a potential deal. He said he sold most of his holdings to cut his losses but still saw the value of his Tesla portfolio plunge by 75%.Littleton's frustration escalated in October 2018, when he lashed out at Tesla for late deliveries on vehicles for some of his nieces and nephews. That led him to become a lead investor in the lawsuit.
But Chen has already ruled that Musk's tweet was false, a finding that can be alluded to during the trial without specifically mentioning the determination made by the judge. Pollitt seized on that opportunity during his opening statement, informing jurors that they're to assume Musk's tweet was false, as the judge allowed. Spiro shook his head as he listened.
Musk's leadership of Twitter - where he has gutted the staff and alienated users and advertisers - has
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