Stories

Thu, 05 Mar 2026

Thu, 05 Mar 2026 Musk tells jury 'people read too much' into his posts

The billionaire is accused of misleading investors in the run-up to his 2022 Twitter purchase.

* Elon Musk defended himself against claims that he manipulated stock markets with misleading social media posts before his 2022 purchase of Twitter.
* Musk testified that his tweets are "extremely literal" and reflect his private thoughts, adding that people often read too much into his posts.
* Investors claim they lost money after acting on allegedly misleading statements from Musk, including when he said he was "terminating" the deal in July 2022.
* Musk's social media habit has landed him in legal trouble before, but this is the first lawsuit over his Twitter purchase to make it to trial.
* The investors are seeking unspecified monetary damages, with one plaintiff saying he sold thousands of shares at a lower price than what Musk eventually paid after taking over the platform.
* Musk conceded that he "may have" used a "rope-a-dope" method during takeover talks, but denied intentionally trying to mislead investors.