Elon Musk Trial: Tesla CEO Says ‘I Thought I Was Doing The Right Thing’ In Testimony Over Tweet

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Elon Musk Trial: Tesla CEO Says ‘I Thought I Was Doing The Right Thing’ In Testimony Over Tweet

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Share to Linkedin Elon Musk doubled down on the earnest intent of his infamous 2018 tweet indicating he may take Tesla private and had the financial backing to do so, as his testimony enters its third day during the trial for a class-action lawsuit against the U. S.' wealthiest person. Elon Musk arrives at federal court in New York City in 2019. He intended to make sure "all shareholders were aware of taking private and not just a few big shareholders," Musk added, digging into his continued claim he intended to help retail investors, not to harm or mislead them, in disclosing the closed-door discussions about the buyout (public companies are supposed to disclose any non-material public information through the Securities and Exchange Commission). Though Musk stands by his sincere intentions, he has already landed in significant hot water for the take-private post: The SEC fined him and Tesla $10 million apiece and ordered Musk's removal as chairman of Tesla's board because Musk "knew that the potential transaction was uncertain" and his "misleading tweets caused…significant market disruption," noting shares of the electric vehicle maker jumped 6% on the day of the tweet. The testimony comes as part of the high-profile

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