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Musk Tells Tweet Fraud Jury He Has No Trouble Raising Money (3)

Jan. 24, 2023, 10:22 PM

Elon Musk told a jury he was confident he could have pulled off his proposal 4 1/2 years ago to take Tesla Inc. private, saying he never has trouble raising money for his companies.

The chief executive officer, in his third day on the witness stand, was defending the legitimacy of his assertion in an August 2018 tweet that he had “funding secured” for the take-private transaction.

“Every financing round I’ve had has been oversubscribed,” he testified Tuesday in San Francisco federal court in response to friendly questions from his own lawyer. “It’s not a problem for me to raise ...