In April 2018, a judge issued a summary judgement regarding Musk’s tweets, which were found to be not only reckless, but false at the time of the publishing. Musk was pressed about his funding, to which he remarked. “I think I’ve raised more money than anyone in history at this point by a significant margin. I am able to raise money easily because investors trust me to be responsible with their money,” Musk told the jury. “I’ve always been truthful and I’ve always taken care of investors. I’ve never lost money for investors in that entire time.”
The trial will continue through February 1, perhaps later if necessary. Representatives for both sides have not yet commented on how the trial is going.
The case is In re: Tesla Inc. Securities Litigation, case number 3:18-cv-04865, in the U.S. District Court for the Northern District of California.
Musk, Tesla and the other defendants are represented by Alex Spiro, William C. Price, Andrew J. Rossman, Ellyde R. Thompson, Jesse Bernstein, Michael T. Lifrak, Anthony P. Alden and Kyle Batter of Quinn Emanuel Urquhart & Sullivan LLP.
