Musk Claims 'People Read Too Much' Into His Posts at Trial

What Happened Elon Musk took the stand to defend his social media activity, arguing that investors and the public shouldn’t interpret his posts as carefully crafted financial guidance. The Tesla and SpaceX CEO faces allegations that his public statements before purchasing Twitter in October 2022 were misleading and caused financial losses for investors. The lawsuit centers on Musk’s communications during the period when he was negotiating the Twitter deal, which began with his surprise announcement in April 2022 that he had acquired a significant stake in the social media platform.