Musk Twitter Shareholders
Elon Musk, center rear, arrives for a Twitter shareholder trial at the U.S. District Court for the Northern District of California, Wednesday, March 4, 2026, in San Francisco.
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A defiant Elon Musk on Wednesday took the stand in a jury trial to defend himself against accusations that he engaged in a pattern of deceptive behavior that misled investors as he attempted to back out of his $44 billion deal to buy Twitter before he finally completed the takeover. The civil trial in San Francisco centers on a class-action lawsuit filed just before Musk took control of Twitter in October 2022, six months after agreeing to buy the embattled company for $44 billion, or $54.20 per share. The case revolves around allegations that Musk violated federal securities laws that unfairly harmed Twitter shareholders between May 13 and Oct. 4, 2022.
