Quote:
The prospect of a $US72 billion ($104 billion) buyout fuelled a rally in the company's stock price that abruptly ended a week later after it became apparent that he did not have the funding to pull off the deal after all.
Tesla shareholders then sued him, saying Tesla shares would not have swung so widely in value if he had not dangled the idea of buying the company for $US420 per share.
Nicholas Porritt, a lawyer representing Glen Littleton and other Tesla shareholders in the class-action case, criticised Mr Musk as he addressed jurors.
"Why are we here?" Mr Porritt asked.
"We are here because Elon Musk, chairman and chief executive of Tesla, lied.
"His lies caused regular people like Glen Littleton to lose millions and millions of dollars."
Hey Elon - it's a special tailor made CLASS ACTION from your TESLA shareholders left damaged :)