Tesla stock

2023 - 1 - 23

Elon Musk testifies he would have sold SpaceX stock to take Tesla ... (CNBC)

Tesla CEO Elon Musk took the witness stand on Monday to defend himself against allegations that he committed securities fraud and cost shareholders money.

Musk recently became the CEO of social media business Twitter after leading a $44 billion leveraged buyout of the company in October 2022. They later signed a revised consent decree that required Musk to relinquish his role as chairman of the board at Tesla temporarily, and to have a securities lawyer vet tweets that contain material business information about Tesla before he posts them. The SEC charged Musk and Tesla with civil securities fraud shortly after he sent them, and they paid separate $20 million fines to the federal agency to settle the charges. It's not that I want to sell SpaceX stock but I could have, and if you look at the Twitter transaction — that is what I did. defense contractor and satellite internet company that he also runs, in order to finance the transaction. He was then, and still is, the CEO and largest shareholder of both companies.

Elon Musk Swears Hilarious $420 Tesla Stock Offer 'Was Not A Joke' (LA Magazine)

Elon Musk told a court his tweet saying he'd take Tesla private for $420 per-share was based on math and a for-real offer from Saudi pals.

Musk also said he was concerned about the press leaking details of the agreement, so tweeted out the information to ensure that “all investors would be on equal footing.” And while it’s unclear just how much of a “head” Musk is, he famously [got high](https://youtu.be/ycPr5-27vSI?t=7815) after some gentle nudging by cool guy Joe Rogan. “420 price was not a joke,” he said. “My understanding was that they would proceed with the deal,” Musk said. Subramanian explained that, typically, when a company goes private, the process is thorough and controlled. Sadly for Musk, the tweet cost him $20 million in fines and he was forced to step down as Tesla’s executive chairman.

Musk says his SpaceX shares could have also helped fund taking ... (Reuters)

Elon Musk told jurors on Monday he was sure he had locked up financial support from Saudi investors in 2018 to take his electric car maker Tesla Inc private ...

"The $420 price was not a joke." 7, 2018, that he had "funding secured" to take Tesla private at $420 per share, and that "investor support is confirmed." Porritt pointed out that Musk had told Tesla employees at the time he expected his stake in Tesla to Musk has also been sued by the U.S. Musk added later that he chose not to take Tesla private due to a lack of support from some investors and a wish to avoid a lengthy process. Musk later testified that he would have sold his stake in SpaceX to fund the go-private deal, as he sold part of his Tesla stake to help fund his bid to take Twitter private last year.

Tesla stock adds to rally as Elon Musk defends 'funding secured ... (MarketWatch)

Tesla Inc. stock added to a rally Monday as Chief Executive Elon Musk took the witness stand in a federal trial in San Francisco revolving around his...

The trial is expected to go into February. Tesla Inc. [TSLA, +7.74%](/investing/stock/TSLA?mod=MW_story_quote)stock added to a rally Monday as Chief Executive Elon Musk took the witness stand in a federal trial in San Francisco revolving around his “funding secured” tweets in 2018.

Musk said he could have funded a Tesla buyout with SpaceX shares (TechCrunch)

Elon Musk testified in an ongoing trial over his 2018 "funding secured" tweet, saying he could have sold SpaceX shares to take Tesla private.

Key Takeaways From Musk's Second Day of Testimony in Fraud Trial (Bloomberg)

Tesla Inc. CEO Elon Musk resumed testifying Monday in the trial of a securities-fraud lawsuit over his August 2018 tweet about taking the company private.

Elon Musk: Tweets about taking Tesla private weren't fraud (KCRA Sacramento)

The trial hinges on the question of whether a pair of tweets that Musk posted on Aug. 7, 2018, damaged Tesla shareholders during a 10-day period leading up ...

Elon Musk: Tweets about taking Tesla private weren't fraud (Yahoo Canada Finance)

The 51-year-old billionaire Tesla CEO and Twitter owner is facing a class action lawsuit filed by Tesla investors alleging he misled them with a tweet saying ...

What investors need to hear from Tesla this week: Morning Brief (Yahoo Finance)

The bottom line is that the stock market and Corporate America does not revolve around Elon Musk, Twitter, Tesla, SpaceX, The Boring Company, or anything else ...

Here's Where Tesla's Next Gigafactory Might Be, and Why the Stock ... (Motley Fool)

Tesla might be set to expand its footprint in Asia. Tesla's (TSLA 7.74%) electric vehicle business leads the industry and is coming off a fantastic year of ...

With a new gigafactory potentially around the corner and several more in the cards in coming years, it's hard to envision anything but growth for the company in the foreseeable future. [price-to-earnings](https://www.fool.com/investing/how-to-invest/stocks/price-to-earnings-ratio/) and a [price-to-sales](https://www.fool.com/investing/how-to-invest/stocks/price-to-sales-ratio-value-stocks/) basis. The revenue Tesla generates as the leader in electric vehicle sales remains its bread and butter. But according to a report from Bloomberg, it appears an Indonesian gigafactory might be on the cards first. With only seven years between now and then, Tesla would have to build at least one and a half new facilities a year to meet the goal. A recent report from Bloomberg suggests the company could soon strike a deal to build one million cars per year in Indonesia.

Elon Musk says his SpaceX shares would've funded his plan to take ... (Yahoo News)

Musk also said that Tesla's $420-per-share price in his infamous 'funding secured' tweets wasn't a weed joke.

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