Musk testifies in fraud trial, points out that not everyone believes what he says

Elon Musk began testifying today in the jury trial over whether his false tweets in 2018 about taking Tesla private caused investors to lose billions of dollars.

During testimony in a federal courtroom in San Francisco, Musk denied that his tweets cause Tesla's stock price to go up or down. "Just because I tweet something does not mean people believe it or will act accordingly," Musk said in response to a question from attorney Nicholas Porritt, who represents investors in the class-action lawsuit against Musk.

"It's difficult to say that the stock price is linked to the tweets. There have been many cases where I thought if I were to tweet something that the stock price would go down," the Tesla CEO said on the witness stand.