Elon Musk on Saudi 'ass-covering' and 10 other things the Tesla boss said to defend himself in the 'funding secured' trial

Wed, 01/25/2023 - 11:53

Tesla CEO Elon Musk is questioned by the investors' attorney Nicholas Porritt during a securities-fraud trial at federal court in San Francisco, California, U.S., January 23, 2023 in this courtroom sketch. REUTERS/Vicki Behringer — A courtroom sketch shows Tesla CEO Elon Musk testifying on Monday.
Vicki Behringer/Reuters

Elon Musk testified Monday in trial sparked by shareholder allegations the Tesla CEO committed securities fraud.
He said Saudi investors sent "ass-covering" texts and he planned to sell SpaceX stock to take Tesla private.
Here are 11 things we've learned about Musk and the "funding secured" tweet at the heart of the lawsuit.

Elon Musk took the stand again Tuesday to defend himself in an ongoing trial sparked by a class-action shareholder lawsuit that alleges the Tesla CEO committed securities fraud.