Tesla CEO Elon Musk fired back at Twitter in court ahead of their October 17th trial date in the Delaware Court of Chancery over his attempt to break their $44 billion agreement to buy the company.
Musk’s legal team issued a subpoena for evidence from former Twitter CEO Jack Dorsey. Musk has been fighting over the number of fake accounts on the platform. He does not believe Twitter’s numbers or its methodology.
Before he can proceed with the sale he argues he needs to know the truth behind the fake accounts. Musk recently sold billions in Tesla stock in case the judge orders him to proceed with the purchase.
Musk did not want to be forced into selling stock at the wrong time to fund the acquisition. The subpoena lists what information Dorsey is being asked for:
“Documents and Communications regarding the Merger and the transaction contemplated by the Merger, the Merger Agreement, any potential acquisition or transaction between Defendants and Twitter, Defendants’ potential or actual acquisition of shares of Twitter common stock, Defendants’ potential membership on the Twitter Board, and Documents and Communications otherwise regarding Twitter and any of Defendants.
“Documents and Communications reflecting, referring to, or relating to the impact or effect of false or spam accounts on Twitter’s business and operations.
“Documents and Communications reflecting, referring to, or relating to Twitter’s use of mDAU as a “Key Metric,” as noted in Twitter’s SEC filings, including Documents and Communications reflecting, referring to, or relating to the relationship between mDAU and Twitter’s present or future revenue or EBITDA.