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ABC News
ABC News
Business
business reporter David Chau and wires

Elon Musk testifies Saudis backpedalled from Tesla deal, ASX hits nine-month high

Investors are still feeling very optimistic as the Australian share market has risen to its highest level since April, while a tech rebound boosted Wall Street overnight.

Elon Musk has taken the witness stand for a second day to defend against allegations that he misled Tesla investors, and Spotify is the latest company to announce sweeping job cuts, with plans to sack 6 per cent of its workforce.

See how the trading day unfolded.

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