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The Independent UK
The Independent UK
National
Michael Liedtke

Ex-aide says Elon Musk had 'handshake deal' for Tesla buyout

2023 Associated Press All Right Reserved

Elon Musk's former chief of staff on Wednesday testified that the billionaire believed he had a “handshake deal" to take Tesla private in 2018 shortly before he tweeted he had the financing for an aborted buyout that is still haunting him in a high-profile trial.

Sam Teller, who worked closely Musk from 2014 to 2019, detailed a series of meetings that his former boss held with representatives from Saudi Arabia's Public Investment Fund. His remarks came during testimony that also shed light on the quirks of a billionaire who runs Tesla, rocket ship maker SpaceX and Twitter.

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