A lawyer for the billionaire told jurors in San Francisco that Musk had merely used the 'wrong words' when he shared claims that he had 'secured' funding to take Tesla private on Twitter.
The lawyer did however tell the jury that Musk's Twitter post contained some"technical inaccuracies".Littleton, giving his testimony to the court, said he had invested in Tesla in 2015.
He said after seeing Musk's"funding secured" post he had scrambled to unwind his Tesla options positions, which the tweet made unprofitable. A jury of nine will decide whether Musk's tweets artificially inflated Tesla's share price by playing up the status of funding for the deal, and if so, by how much.The judge, Edward Chen, denied a request by Musk to have the case moved to Texas last week, with the billionaire expressing concern that potential jurors in California would be biased against him.
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