Elon Musk testifies he had funding to take Tesla private

01/24 07:23

According to WSJ, Elon Musk said he had funding to take Tesla Inc. private when he floated the idea in 2018, saying that financing from Saudi Arabia’s sovereign-wealth fund and his own stake in rocket-company SpaceX would have provided sufficient capital. “With the SpaceX stock alone, I felt funding was secured,” Mr. Musk said Monday in his second day on the stand in a case brought by investors who say they lost money because of his tweets proposing to take the car company private.
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