Billionaire and electric car maker Tesla founder Elon Musk called Tesla short sellers "Wall Street sharks" on Friday while downplaying the impact of his tweets at the Tesla fraud trial.
During today's session, the world's richest man assured that tweeting is the "most democratic way" to communicate with investors. "I care a great deal about retail investors," he said after being questioned by shareholder attorney Nicholas Porritt. "I think you can be truthful" on Twitter, Musk said. "But can you be comprehensive? Of course not."
According to investors, Musk's tweets were misleading and cost them significant losses due to sharp swings in the stock price over ten days before the plan was abandoned.