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Second day of Tesla tweet trial witnesses include Elon Musk

Elon Musk testified in the second day of his trial over his now infamous “funding secured” tweet, in which he claimed to have secured funding to take Tesla private at a stock price of $420. Musk argued that he believed the tweet to be true at the time he sent it, and that it was his intention to communicate with the public in a manner that was true and accurate. He also testified that he had spoken to several potential investors prior to the tweet, and that he had discussed the possibility of taking Tesla private with the Saudi Arabian sovereign wealth fund. During cross examination, Musk admitted that he had not discussed the specifics of the transaction with the potential investors, and that he had not verified the funding for the proposed transaction.