Elon Musk portrayed as liar and seer in Tesla tweet trial

SAN FRANCISCO (AP) — Elon Musk was portrayed Wednesday as either a liar who callously jeopardized the savings of “ordinary people” or a well-intentioned visionary when lawyers made opening statements at a lawsuit surrounding the buyout of Tesla, which Did not happen.

Lawyers on opposite sides have painted wildly different portraits of Musk for the nine-member jury that will hear a three-week trial. The case centers on two tweets in August 2018 that the billionaire posted on Twitter, which he now owns.

The tweets indicated that Musk had arranged funding to take Tesla private at a time when the automaker’s stock was falling due to production problems.

The prospect of a $72 billion buyout sent the company’s stock price up, which ended abruptly a week later after it became apparent it didn’t have the funds to go through with the deal after all. He was then sued by Tesla’s shareholders, claiming that Tesla’s stock wouldn’t have fluctuated so much if he hadn’t hatched the idea of ​​buying the company at $420 a share.

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