- Elon Musk appeared in court on Monday to defend Tesla’s 2016 acquisition of SolarCity.
- Musk was asked about his decision to name himself Tesla’s “Technoking”.
- Musk replied that this was a joke that gave Tesla freedom of the press. “I think I am funny,” he added.
- For more stories, please visit Business Insider.
Elon Musk said in court on Monday that his sense of humor allowed Tesla to gain freedom of the press.
Musk appeared in the Delaware Chancery Court on Monday to defend Tesla’s 2016 acquisition of SolarCity, a solar panel company.The cause of this case Tesla shareholders claim that the deal is equivalent to a rescue for SolarCity And to benefit Musk, he owned 22% of the shares of the solar panel company.
The plaintiff’s lawyer Randall Baron asked Musk about his decision in March Officially changed his title at Tesla to “Technoking”. This Associated Press According to the report, Baron used title changes to claim that Musk’s management style is controlled.
Musk replied that changing the title was a joke-he thought his sense of humor was good for Tesla. “It has generated a lot of free press, and Tesla does not advertise, which is helpful for general sales,” he said. Reuters.
“If we are entertaining people and they will write stories about us, we don’t have to spend money on advertising, which will reduce the price of our cars,” Musk said. Bloomberg.
“I think I am funny,” Musk added.
Tesla CEO appeared in the skit comedy show as the host “Saturday Night Live” May and made a Cameo In 2019, he starred in the animated sci-fi comedy “Rick and Morty”.
Musk said in Barron’s cross-examination that he “Quite annoying” to become Tesla’s CEO I would rather spend time on design and engineering-but without him, the company would “die”.
NBC Finance Channel According to reports, the trial is expected to last about two weeks. If the court makes a ruling against Musk, he may be liable for compensation of up to 2.6 billion US dollars.
According to Bloomberg Billionaire Index, Musk’s net worth is estimated to be approximately US$187 billion.
