Elon Musk pleads to trial for his infamous tweet

Elon Musk testified in federal court Friday in a civil jury trial that may decide whether a tweet he sent in 2018 cost Tesla investors millions of dollars.

tesla (TSLA) – Get a free report Shareholders are suing the company over losses they say they suffered when Musk tweeted that he had “secured” money to take the company private at $420 a share.

Musk, who bought Twitter on October 27 for $44 billion, has a history of tweeting on the social network long before he owned the company. The tweet in question, dated Aug. 7, 2018, has already cost him millions in fines from the Securities and Exchange Commission and forced him to resign as Tesla chairman.