Musk testifies tweet that led to $44 billion lawsuit “may not have been my wisest”



“This could present you with an opportunity to revisit price,” the banker wrote. “It may not be a costless ask, as you will have to be perceived as being willing to risk paying the reverse break fee. However, the threat of walking away may be sufficient to get them to agree to a lower price.”

A later email from Barclays after the tweet said investors were now giving the deal “50/50 odds” and the share price would not move higher because they feared “more tweets with deal implications.”

Musk replied: “Matches my understanding of things.”

Shareholders are expected to ask for billions in damages if the jury rules in their favor.

“Musk believes he can say or do whatever he wants anytime he wants, regardless of the consequences,” an attorney for the four plaintiffs said. After getting cold feet on the deal and struggling to sell enough Tesla stock to finance it, he started “a public spectacle to trash the company and drive stock price down.”

Musk grew frustrated during questioning, accusing the lawyers of formulating questions “designed to mislead the jury” and trying to “put words into my mouth.”

He added he had not had time to read his deposition transcripts or prepare for the hearing because he has “an insane workload, 100 hours a week.”

During the two-week trial, plaintiffs plan to call on several of Musk’s top lieutenants, including his lawyer Alex Spiro, who recused himself from acting as an attorney in the case because he is also a witness.

On Tuesday, they questioned the head of his family office, Jared Birchall, who said Musk’s tweets about the deal were made in frustration and work never stopped on the deal.

Musk is scheduled to appear in a separate trial in Oakland next month. He has sued OpenAI and its CEO Sam Altman in an attempt to block the $730 billion start-up’s transformation from a non-profit to a for-profit company. Musk was a co-founder of OpenAI in 2015 but left three years later after his attempts to buy it were rebuffed.

© 2026 The Financial Times Ltd. All rights reserved. Not to be redistributed, copied, or modified in any way.



Source link

  • Related Posts

    Google says half of all zero-days it tracked in 2025 targeted buggy enterprise tech

    A new report by Google found that about half of the zero-day bugs it tracked last year exploited enterprise devices, marking a new high for hackers who are increasingly finding…

    ‘Our consciousness is under siege’: Michael Pollan on chatbots, social media and mental freedom | Well actually

    Each day when you wake up, you come back to yourself. You see the room around you, feel your body brush against your clothes and think about your plans, worries…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    John Wick Will Feel Like "Watching A Movie," Dev Says

    John Wick Will Feel Like "Watching A Movie," Dev Says

    Sri Lanka Is Caught in the Middle as Second Iranian Vessel Seeks Safe Haven

    15,000 Canadians visited Vegas in a month after ‘at par’ dollar exchange promo: ‘Missing our Canadian friends’

    Iran is ‘confident’ it can counter potential U.S. ground invasion

    Iran is ‘confident’ it can counter potential U.S. ground invasion

    Google says half of all zero-days it tracked in 2025 targeted buggy enterprise tech

    Google says half of all zero-days it tracked in 2025 targeted buggy enterprise tech

    I Tested The 12 Best Nontoxic Shampoos And Conditioners

    I Tested The 12 Best Nontoxic Shampoos And Conditioners