Musk countersued Twitter last week, accusing the company of fraud over his aborted $44 billion acquisition.
Shares of Tesla rose almost 2% before the opening bell Wednesday. Shares of Twitter Inc., up 16% in the past month with most believing Musk faces long-shot odds of success in court, jumped another 3%. Twitter last week, accusing the company of fraud over his aborted $44 billion acquisition. He claimed that Twitter held back critical information and misled his team about the size of its user base.
Musk offered to buy Twitter earlier this year, then tried to back out of the deal claiming the social platform was infested with a larger number of “spam bots” and fake accounts than Twitter had disclosed.
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