Connect with us

Hi, what are you looking for?

TopMarketReports.comTopMarketReports.com

Tech News

Elon Musk gets serious about 420 at securities fraud trial

A magenta-hued photograph of Elon Musk against a wavy illustrated background.
Illustration by Laura Normand / The Verge

Elon Musk insists that 420 isn’t a joke to him.

In testimony during his ongoing securities fraud trial on Monday, Musk argued that the $420-a-share price he proposed back in his infamous “funding secured” tweet from 2018 wasn’t a weed joke but actually just a coincidence — with a dash of karma.

Musk was asked about the proposed share price by Nicholas Porritt, an attorney for a class of Tesla investors who are suing the billionaire CEO for the loss of millions of dollars that they say resulted from his bungled attempt to take Tesla private. And it prompted an eyebrow-raising response from Musk regarding what he considered a serious proposal despite nearly everyone else taking it as an obvious reference to cannabis.

“You rounded up to…

Continue reading…

You May Also Like

Editor's Pick

What finally brought the Great Depression to an end? We’ve seen that, whatever it was, it took place not during the 30s but sometime...

Politics

EXCLUSIVE: Power the Future, a group that represents the interests of U.S. energy workers, published a video blasting the Biden administration for its decision...

Editor's Pick

2022 was a year that required a ton of patience, waiting out the cyclical bear market that unfolded – especially during the first 5-6...

Editor's Pick

Quarterly earnings is a time when management teams announce whether they’ve kept all their promises that were made over the prior 90 days. These...