Days after Elon Musk took the stand in San Francisco, Tesla’s Chairman Robyn Denholm came to the defence of Elon Musk. Denholm was named as a defendant in the suit and took the stand for about 30 minutes on Friday in San Francisco.
At the time of the tweets in 2018, Denhome was the lead of its audit committee. The Tesla audit committee oversees company controls and ensures the automaker complies with securities law.
Per the Australian Financial Review, during her time on the stand, Denholm noted:
If I believed that Elon was trying to mislead the public, I would have stood down from the board.
In addition, Denholm confirmed that Musk was free to tweet about the deal as he was tweeting on behalf of himself. At the time, Tesla had a policy requiring disclosures by insiders to be vetted by the company.
However, it would not apply if he was the potential buyer. The nine-person jury has heard from numerous Tesla executives over the last week, including Musk himself.
The trial will continue on Tuesday and may wrap up in the next week or two, depending on how in-depth questioning is by both sides.
