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Elon Musk: ‘I had no evil motives’ in Tesla buyout tweet

SAN FRANCISCO (AP) — Elon Musk returned to the podium on the third day Tuesday as part of a class-action lawsuit filed by Tesla investors who allege he misled them with a tweet about a deal that never went through, indicating that his intention was to let his shareholders know that he was considering a buyout.

The 51-year-old billionaire has resumed — after being friendly questioned by his own attorney, Alex Spiro — his staunch defense in a lawsuit centered on two 2018 tweets that said he raised money to take Tesla private.

When Spiro gently nudged him, Musk told the nine-member jury that he only stated that he was “considering” a Tesla buyout, but never promised a deal would be made. But Musk said he thinks it’s important to get the word out to investors that Tesla may be ready to end its eight-year run as a public company.

“I had no evil motives,” Musk said. “I wanted to do the right thing for all shareholders.”

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