Investment banking witnesses previously testified that even a week after the tweets, they were still working to figure out how the deal would be structured, including who would pay for it.
Musk’s central defense is that he knew he could raise as much as $60 billion to take Tesla private based on a handshake deal with Yasir Al-Rumayyan, the governor of Saudi Arabia’s Public Investment Fund.
The CEO spent a little more than two days on the witness stand, telling jurors that his “funding secured” tweet was “absolutely truthful,” and that he had an “unequivocal” commitment by Saudi Arabia even though he had nothing in writing.
