Tesla's Elon Musk found not liable in trial over 2018 'funding secured' tweets

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The Star 1 mo ago

Tesla's Elon Musk found not liable in trial over 2018 'funding secured' tweets - The Star

Quick Summary:

A US jury on Friday found Tesla Inc CEO Elon Musk and his company were not liable for misleading investors when Musk tweeted in 2018 that he had "funding secured" to take the electric car company private.

During the three-week trial, Musk spent nearly nine hours on the witness stand, telling jurors he believed the tweets were truthful.

Musk was not present in court when the verdict was read but soon tweeted that he was "deeply appreciative" of the jury's decision.