It seems that Elon Musk, the billionaire CEO of Tesla has finally found a way to make Twitter useful – by using it to get himself into a legal trial.
It all started with a tweet in 2018, where Elon Musk casually mentioned that he was thinking about taking Tesla private “with funding secured.” Little did he know that one tweet would lead to a 10-day period of wild stock price swings and a lawsuit from investors who claim they lost big bucks because of his lies.
But as it turns out, Musk’s tweets may not have been lies at all. According to Musk, just because he tweets something, it doesn’t mean people will believe it or act accordingly. So, in a way, he’s just providing “information the public should hear.”
And who can blame him for wanting to take a break from the daily grind of running a company? After all, 2018 was an “extremely painful and difficult year” for Musk. He even had to sleep in the factory just to make things work. The “sheer level of pain” to make Tesla successful was “excruciating” for him and many others.
The Legal Troubles
This trial is taking place as Elon Musk’s wealth has dwindled and Tesla’s stock has decreased in value. The company is also facing increased competition and a possible recession. Looks like short sellers got their wish after all.
But fear not, dear readers. For as Elon Musk’s lawyers have pointed out, while his tweets may have been rushed and contained technical errors, they accurately conveyed that he was sincere about taking Tesla private. So, in the end, it’s all good.
So, just remember folks – the next time you’re feeling down about your own personal and professional struggles, just think about Elon Musk. He’s got it all figured out. Now check out our latest article on the stock market gain. Or at least in theory.
