Elon Musk to Resign as Twitter CEO — Eventually

Elon musk expected to take the stand in a trial stemming from that infamous tweet about possibly taking Tesla private and having the funding to do so well. This class action lawsuit representing Tesla investors alleging that the tweet cost shareholders billions of dollars. That's because a lot of hedge funds were in this stock. They were shorting the stock expecting it to go down Well, it went up to about, you guessed it. Whatever funding secured for $420, million dollars actually meant. So the sec later forcing must to admit funding was not secured. Okay, prosecutors accusing musk of lying in the tweet from back in 2018 and his lawyers are arguing the ceo didn't plan this and described his tweets as quote, informal sporadic thoughts and quote. Now in the meantime, piper Sandler is maintaining its over perform rating on the stock again, recommending a buy rating, saying that with this recent dip, it is the time to buy in so the stock is down 8/10 of a percent will have to wait and see what it must have to say when he takes the stand