Elon Musk tells court Saudi Arabia wanted to take Tesla private, $420 ‘not a joke’

Elon Musk testified Monday he believed he had funding secured to take Tesla Inc. private in 2018, both from a Saudi Arabian investment fund and from his stake in SpaceX, and one of his key tweets on the matter was “absolutely truthful.”

The Tesla chief executive resumed testimony in a federal trial in San Francisco over investor losses allegedly caused by tweets he fired off in 2018, including his “funding secured” tweet.

Representatives of Saudi Arabia’s sovereign…

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