Elon Musk, who has since bought Twitter, caused a stir on the social media platform in 2018 when he claimed he had secured funding to take Tesla private.
Elon Musk and Tesla are set to go on trial over allegations that shareholders were defrauded out of billions of dollars by his tweets.
The company’s chief executive wrote in 2018 that he had “secured” funding to take the electric carmaker private and later that investor backing was “confirmed”, causing shares to soar and then fall.
Less than three weeks later, Musk backtracked on the plan.
Investors who bought or sold stock in the days after the tweets are seeking unspecified damages, but have claimed Musk’s tweets cost them “billions”.
