Elon Musk testified that Twitter was “the best way to communicate with people,” including “investors, big and small,” in his opinion. He also said that he shared memes on Twitter, which made some people who were watching the trial laugh.

Mr. Musk also acknowledged that his friends and associates, including Antonio Gracias, a Tesla director at the time, suggested that he take a break from Twitter in July 2018.

Elon Musk response when asked if he took their advice was: I suppose I kept tweeting.

Glen Littleton, a plaintiff in the case and one of the investors, testified on Wednesday that Mr. Musk’s initial tweet about taking the company private appeared to be conclusive. Mr. Littleton said he started trading options as a result.

Mr. Littleton, 71, said, “It was going to pretty much wipe me out,” referring to Tesla going private. I wanted to guarantee my income. This posed a threat to my means of subsistence.

Another investor and plaintiff in the case, Timothy Fries, testified on Friday that Mr. Musk’s initial tweet seemed to suggest a good time to invest in Tesla. The following day, he bought shares in the business.

Mr. Fries stated, “I wasn’t ready to purchase shares until I saw the tweet.” Although Mr. Musk’s post indicated that “there was a committed party and those funds had been vetted,” he believed the deal was still being negotiated.

Public by world news spot live

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