Musk Rips Saudi 'Backpedaling,' 'Ass-Covering' At Fraud Trial

By Hannah Albarazi (January 23, 2023, 11:27 PM EST) -- Tesla CEO Elon Musk testified Monday in a California federal securities jury trial that funding to take Tesla private was secured when a representative for Saudi Arabia's sovereign wealth fund verbally backed the deal, but said things took a turn when the Saudi representative publicly "backpedaled" from the pledge and engaged in what the tech billionaire called "ass-covering."...

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