Elon Musk ’s tweets to his more than 126 million followers have been credited for boosting popularity in everything fromAAA video gamesto memecryptocurrencies coin , but somehow , according to the chief executive officer , that same Twitter gibbousness does n’t count when Tesla ’s concerned .
During his testimony Friday as part of a Teslashareholder lawsuit , Musk articulate he call back it was “ absurd ” to paint a picture the content of his tweets could affect Tesla ’s caudex price . To hold his full stop , Musk , the debater in chief , point to an representative where Tesla ’s gillyflower price apparently rose after he write a tweet saying he believed the gillyflower was too high . Though normal commentator may read that as an admission his tweets can touch on stock prices , Musk said that connection could only be get if the stock damage went down after he claimed it was too eminent .
“ Just because I tweet something does not stand for people will conceive it or act as accordingly , ” Musk state . The CEO went on to say he did not see any “ causal contact ” between his tweets and Tesla ’s stock terms .
Photo: Win McNamee (Getty Images)
The motion of whether or not Musk ’s tweet can lead to real earth change in behaviour digs at the essence of the current trial , which is focus on around Musk ’s fateful 2018 “ support secured ” tweet where he claimed he had successfully lined up funding necessary to take Tesla private at $ 420 per parcel . Tesla stockholder , who sued Musk , say those statements about taking the company private direct to a abbreviated rise in Tesla ’s stock , followed by a precipitous clangor once it was decipherable Musk had not take on the funding necessary for the deal . burn investor claim they lift up misplace millions , and now Musk may have to give out billions in damage if the jury side against him in this trial .
Musk was force to revisit one of his least glamourous moments on Friday . During his hybridizing examination , an attorney representing the Tesla investors asked Musk if he agreed that his2018 nip about a British cave loon , whom the chief operating officer referred to as a “ pedo guy cable ” had an encroachment on Tesla stemma .
“ He was not a frogman , ” Musk tell .
After asking the inquiry once more , Musk refuted the period and said , once again , that he disagreed his tweet impact Tesla ’s stock price . Mediareportsfrom the time , however , show Tesla stock fall 3.5 % in the immediate backwash of his pedophile allegement .
“ Tesla stock price goes up and down all the sentence , ” Musk said . “ I do n’t think some tweet about someone totally unrelated to Tesla will have an encroachment on the blood line monetary value . That ’s ridiculous . ”
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