Judge finds evidence that Tesla, Musk knew about Autopilot defect
Judge finds evidence that Tesla, Musk knew about Autopilot defect

Judge finds evidence that Tesla, Musk knew about Autopilot defect

A Florida judge found "reasonable evidence" that Tesla Chief Executive Elon Musk and other managers knew the automaker's vehicles had a defective Autopilot system but still allowed the cars to be driven unsafely, according to a ruling.
Friendly reminder that Musk used Tesla stock to fund $20 bn of the ~$27 bn he used to buy Twitter.
Which means, $20bn in Twitter seemed a better investment than keeping them in Tesla. I don't know what would be funnier, that he was right or that he was wrong with that gamble.
he never intended to buy Twitter though. He just wanted to manipulate the stock by saying that he’s going to buy it and then dump his shares at a higher price. He thought he could get away with that, because the SEC wouldn’t do shit. Like the time he said that he found a buyer for a Tesla. But then Twitter sued him and the judge forced the sale onto him.
He didn't sell the Tesla stock. He used it as collateral to borrow the money. Rich people rarely sell their things while they are alive. They borrow against their fortune because if they sell, they have to pay capital gains taxes.