Elon Musk is currently making rounds at court in a securities fraud trial, and once again, his controversial « funding secured » tweet is at the forefront.
Elon Musk is currently making rounds at court in a securities fraud trial, and once again, his controversial « funding secured » tweet is at the forefront. In 2018, Musk tweeted that he was « considering taking Tesla private at $420. » Of course, the whole internet took the $420 figure as another one of his weed jokes, since Musk has a history of tweeting tongue-in-cheek messages about the topic. In court, however, the billionaire says it was not a joke, after all.
In his court testimony, Musk claimed that « 420 was not chosen because of a joke, » according to CNN. After all, who would joke about a company that is tied to the biggest portion of their massive fortune? Musk argued that the $420 share price was tweeted « because there was a 20% premium over the stock price.
