Elon Musk on Saudi 'ass-covering' and 8 other things the Tesla boss said to defend himself in the 'funding secured' trial
counted on selling stock in the space technology company
to take the carmaker private in 2018. He compared the potential sale to his recent offloading of Tesla shares to fund his $44 billion deal to buy Twitter. "SpaceX stock alone meant 'funding secured' by itself," he told lawyers in cross-examination Monday."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."" in buying the electric-vehicle maker, which encouraged him to try taking the company private with Saudi funds, Musk testified. He pointed to the interest from Google's parent Alphabet laid down in an earlier deposition.
" that privatizing Tesla was a good idea, according to Musk. He also said he'd discussed the buyout at a dinner with Oracle co-founder Larry Ellison in 2017., which is when investors make a bet that an asset will fall to a lower price. "I believe short-selling should be made illegal," he said."It is a means for, in my opinion, bad people on Wall Street to steal money from small investors. Not good."In October 2018, billionaire Tesla shareholder
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