March 5 (UPI) -- Elon Musk denied using his high-profile in the online world to make some investors in the then-Twitter fear he was pulling out of buying the social media platform, telling a San Francisco federal jury that he did not realise his posts would be interpreted that way.
Testifying on Wednesday on day three of a suit brought by a group of Twitter stockholders accusing him of attempting to manipulate the market with the aim of reducing its valuation -- and therefore the price he would have to pay -- Musk said "people read too much into his posts."
The Tesla CEO said messages he posted to social media after reaching a deal to buy Twitter in 2022 were "extremely literal" and not an attempt to reduce the transaction price.
One of his posts said the acquisition was "on hold."
But Musk stated that he didn't expect Twitter's share price to fall because of it, saying that his tweets were simply what was in his head at any given moment.
