The spotlight on Musk’s tweeting habits came a day after the 51\u002Dyear\u002Dold billionaire completed three days of defiant testimony.
Musk, who now owns the Twitter service that’s central to the trial about his management of Tesla, raised the prospect of a buyout in an Aug. 7, 2018 tweet stating he had the “funding secured ” for the deal. Musk followed up a few hours later with another tweet suggesting a deal was imminent.
“If something really upsets you, go for a walk around the factory,” Ron Baron, a major Tesla shareholder, told Musk in a July 15, 2018 email that was displayed as evidence during Wednesday’s trial. “Get an ice cream cone. Just don’t use Twitter.” Tesla’s board never took formal action to rein in Musk’s Twitter usage, but Gracias testified that he personally asked him to stop tweeting about a potential Tesla buyout without board approval after the Aug. 7, 2018 tweets.
“I thought I had gotten through to him,” Fath said of the phone call with Musk. Just to make sure, Fath followed up with an email to Musk imploring him to “remember the golden rule. Delete. Don’t Tweet.” Much of the recent erosion has been driven by Tesla shareholders concerned about Musk’s decision to finance a big chunk of the Twitter takeover by selling some of his holdings in the automaker coupled with the time he has been spending running another company. Musk has pledged to step down as Twitter’s CEO without setting a definitive timeline for relinquishing the reins.
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