According to one of the Tesla shareholders who filed a class action lawsuit against Ilon Musk, the latter simply lied when he said at the time that funding for Tesla’s privatization had already been secured, writes Reuters.

Tesla investor Glenn Littleton demanded damages on behalf of shareholders who traded Tesla shares days after Musk published his plan to privatize the company in August 2018. “Musk’s lies caused ordinary people to lose millions of dollars,” said Nicholas Porritt, the lead attorney for the investors at a preliminary court hearing in San Francisco.

Musk’s lawyer explained that Musk simply used the wrong words when he tweeted about his plans to privatize the automaker in 2018, but he was serious about taking the company private and ultimately faced opposition from shareholders.

The 9-member jury panel will decide whether Musk’s tweets artificially inflated Tesla’s stock price, and if so, by how much. The defendants include current and former Tesla directors.