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Jury hears Musk told ‘lies’ that cost Tesla investors millions

Elon Musk’s attorney Alex Spiro told jurors at his fraud trial that Musk was sincere about taking Tesla private for $420 a share despite expressing that poorly in ‘rushed, reckless tweets’ at issue in court.

SAN FRANCISCO: A lawyer for angry Tesla investors told a California courtroom on Wednesday that CEO Elon Musk “lied” about having funding in place to take the company private, costing his clients millions of dollars.

More than four years after Musk fired off tweets saying he had funding secured to buy the electric car maker at $420 a share, investors who felt burned by the misleading statements began to make their case in the San Francisco court.

The tweets in the summer of 2018 sent the Tesla share price on a rollercoaster…

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