Read Time:34 Second
Tesla Inc. TSLA stock added to a rally Monday as Chief Executive Elon Musk took the witness stand in a federal trial in San Francisco revolving around his “funding secured” tweets in 2018. The stock gained more than 6% in midday trading as Musk in court says that he believed he had an agreement with Saudi Arabia’s investment fund that would be more than sufficient to take the EV maker private. Musk testified briefly on Friday, but court adjourned. The trial is expected to go into February.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Happy
0 %
Sad
0 %
Excited
0 %
Sleepy
0 %
Angry
0 %
Surprise
0 %
0
0
