Musk responds to the “Tesla privatization” lawsuit: Just because I post it doesn’t mean people will believe it

On January 20, local time in the United States, Tesla CEO Elon Musk testified in court on the alleged fraud of the “Tesla going private” tweet. He argued that just because he tweeted it didn’t mean people would believe it. The case is a securities class action in which shareholders accused Musk of lying about tweets that caused wild swings in stock prices and cost them huge. A jury of six men and three women will decide whether Musk’s tweets artificially boosted Tesla’s stock price. | Related reading (Sina News)

Qin Huimei

Musk’s response can’t help but be a bit amazing. You must know why investors and the investment market react to Musk’s tweets, and even follow suit. Isn’t it because of Musk’s business moves every time, such as buying Bitcoin, acquiring Twitter… big and small matters It must be said on Twitter first, rather than announced through normal channels like other companies. For this reason, Musk has also suffered a lawsuit from the US Securities Regulatory Commission. Under such “tune-up”, the investment market will naturally use Musk’s Twitter as a weathervane, but at this time something happened, Musk actually came out to imply that “my tweet is just posting, and everyone may not believe it” , This defense really left investors speechless.

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