Elon Musk was reportedly cleared by a federal jury's verdict that his 'funding secured' tweet in 2018 didn't harm Tesla investors

Quick Summary:

Elon Musk didn't break rules and influence Tesla investors after tweeting he had "funding secured" to take the carmaker private, per a WSJ report.

Porritt, the Tesla investors' attorney, had framed the stakes of the case in sweeping, existential terms, arguing that it came down to a question of whether regular investors could trust the public markets.

In securities parlance, that meant jurors had to consider whether Musk's statements were significant enough to influence investors' trading choices.

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: United StatesSaudi Arabia

Topics: News Tesla Lawsuit Elon Musk Tech Insider

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-02-03 @ 23:35:33 (1 months ago)

News Timezone: GMT -5:00

News Source URL: businessinsider.com

Language: English

Article Length: 503 words

Reading Time: 3 minutes read

Sentences: 44 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Insider

News ID: 5134341

View Article Analysis

About Business Insider

Main Topics: EconomyBusiness

Official Website: businessinsider.com

Year Established: 2007

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #64

Publisher Details

Frequently Asked Questions