Securities
Mar. 5, 2026
Musk tells jury tweet delaying Twitter deal was not meant to move market
Elon Musk told a federal jury his tweet pausing the $44 billion Twitter deal was literal and not meant to move markets, as investors claim it was part of a scheme.
The tweet he posted in the early hours of May 13, 2022, saying his $44 billion deal to buy Twitter was "temporarily on hold" may have been "incredibly stupid" if it led to this trial, but he didn't believe it would move the market, Elon Musk conceded from the witness stand Wednesday.
Questioned by plaintiff investors' attorney Aaron P. Arnzen of Bottini & Bottini Inc., Musk said the tweet, which he followed up by saying he remained committed to the ...
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