Musk testifies tweet that led to $44B lawsuit "may not have been my wisest"

5 hours ago

Elon Musk admitted his tweet about the Twitter deal may not have been wise.
Musk is defending against allegations of market manipulation in court.
Investors claim they lost money due to Musk's tweets during the takeover.
Musk signed a binding agreement to buy Twitter in April 2022 but later raised concerns about bots.
His May 13 tweet about the deal being 'temporarily on hold' caused Twitter's stock to drop 9%.
Musk said the tweet was made impulsively without consulting advisers.
He clarified that 'on hold' meant a delay, not cancellation, but didn't consider investor reactions.

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