SAN FRANCISCO, Jan 28 — The board chair of Tesla Inc defended CEO Elon Musk in a securities fraud trial yesterday, telling jurors that she would have quit as a director if she...
SAN FRANCISCO, Jan 28 — The board chair of Tesla Inc defended CEO Elon Musk in a securities fraud trial yesterday, telling jurors that she would have quit as a director if she had thought Musk lied by tweeting in 2018 that he had “funding secured” to take Tesla private.
“If I believed that Elon was trying to mislead the public I would have stood down from the board,” she said. Musk told the jury earlier this week he could have financed the potential deal from existing Tesla investors as well as a Saudi wealth fund.Musk, however, acknowledged he did not have binding agreements with investors for specified amounts, leaving it to the jury to decide if he misled shareholders.
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