Elon Musk, Tesla Inc.'s chief executive, took the stand on Friday in a jury trial over his 2018 Twitter post that he had "funding secured" to take the electric carmaker private, which shareholders allege cost them millions in trading losses.
Musk's testimony began with questions about his use of Twitter, the social media platform he bought in October. He called it the most democratic way to communicate but said his tweets did not always affect Tesla stock the way he expected.
"Just because I tweet something does not mean people believe it or will act accordingly," Musk told the jury in San Francisco federal court.
Musk, known for combative testimony, is expected to address why he has insisted he had Saudi investor backing to take Tesla private, which never occurred, and whether he knowingly made a materially misleading statement with his tweet.
The case is a …