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Technology,
Securities

Jan. 30, 2023

Executives were nervous but believed Musk’s tweet

Tesla former executives testified about their confidence Elon Musk could secure funding to take company private.

Following Elon Musk’s testimony during a fraud trial against him and Tesla Inc. regarding his Aug. 7, 2018 tweet announcing: “Am considering taking Tesla private at $420. Funding secured,” jurors heard from individuals who interacted closely with the Tesla chief executive officer in the days leading up to and after the tweet.

Then-chief financial officer Deepak Ahuja as well as Musk’s longtime friend and then-Tesla lead director Antonio Gr...

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