Musk tells court Saudis ‘unequivocally’ backed plan to take Tesla private

Elon Musk testifies at trial accusing him of defrauding investors by driving up the price of Tesla stock with his tweets

Elon Musk continued his testimony in a trial accusing him of defrauding investors by driving up the price of Tesla stock with his tweets on Monday, saying that he understood that Saudi financiers were unequivocally" behind his plan to take the electric carmaker private in 2018.

The Tesla CEO's tweets suggesting he had funding secured" to buy up Tesla stock at $420 a share are the center point of the trial now in its fifth day in San Francisco federal court.