Jury clears Elon Musk of wrongdoing with 2018 Tesla tweets
The trial hinged on whether he misled shareholders, steering them in a direction that they say cost them billions.
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The trial hinged on whether he misled shareholders, steering them in a direction that they say cost them billions.
Here's the latest updates on Elon Musk's Tesla tweet trial.
SAN FRANCISO (AP) -- A jury on Friday decided Elon Musk didn't defraud investors with his 2018 tweets about electric automaker Tesla in a proposed deal
A high-profile trial focused on a 2018 tweet about the financing for a Tesla buyout that never happened drew a surprise spectator Friday — Elon Musk, the billionaire accused of misleading investors with his usage of the Twitter service he now owns.
A jury has decided Elon Musk didn’t deceive investors with tweets in 2018. The verdict by the nine jurors was reached after less that two hours of deliberation following a three-week trial. The trial pitted Tesla investors represented in a class-action lawsuit against Musk, who is CEO of both the electric automaker and the Twitter service he bought for for $44 billion a few months ago. In 2018, Musk tweeted that he had the financing to take Tesla private even though it turned out he hadn’t gotten an iron-clad commitment for an aborted deal that would have cost $20 billion to $70 billion to...