The famous Elon Musk lawsuit about his tweets during the Tesla takeover started its court trial recently, and the CEO had to testify from the witness stand. In his statement, the billionaire brought up the First Amendment of the US Constitution and said that he was just exercising his right to “free speech.”
The multi-tech CEO is being sued over promises he made over five years ago, including that he would buy the majority of Tesla and turn it into a private company.
Musk Tesla Buyout Lawsuit: Billionaire Goes on Stand
The Tesla buyout lawsuit recently began, according to AP News, and the main witness, CEO Elon Musk, was called to the witness stand to provide his side of the story. Musk defended his tweets, including the one from four and a half years ago, in his message, asserting that it is “the most democratic approach.”
Additionally, this defence of the IT CEO said that Twitter’s character limit of 240 places restrictions on the knowledge he wishes to share with the world.
Regarding Twitter, he asserted that everyone may be “completely true,” but added that this differs from being “comprehensive,” which he believes nobody is capable of being.
Elon Musk Reason: the First Amendment
Musk’s message primarily focuses on the First Amendment of the US Constitution, which protects the nation’s right to free speech. While tweets are a form of democratic speech, they also carry some risks, particularly when one’s online statements have an adverse effect on others.
Musk and Making Companies Private
Making companies with Elon Musk Private privacy can go a long way, but that isn’t always the case for businesses that are going public, like Tesla, and Elon Musk is currently in court for a lawsuit related to his prior tweets. Previous tweets from 2018 are brought to light in this hearing, and the focus is on the swindled investors who held Tesla stock for ten days after Musk’s assertions.
Musk said in 2018 that Tesla was a privately run company, but it is still a public company. Many investors still put money and assets into the company to help it grow. Before the trial started, Musk and his team asked to move the hearing from San Francisco, California, to Houston, Texas, because a “substantial percentage” of the jury would be there.
Elon Musk was recently called before the court and asked why he posted those tweets in 2018. The tech CEO’s response focused on democracy. However, he goes on to suggest that there might be misunderstandings regarding his tweets because the 240-character limit on the platform would not be sufficient to convey what he wants to say from nearly five years ago.
Stay connected with postvines for more information!!