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Elon Musk found not guilty of fraud over Tesla tweet

Posted on AllSides February 4th, 2023
From The Center
EPA

Tesla co-founder Elon Musk has been cleared of wrongdoing for a tweet in which he said he had "funding secured" to take the electric carmaker back into private ownership.

Shareholders argued he misled them with his posts in August 2018, and they had lost billions of dollars because of them.

The proposed $72bn (£60bn) buyout never materialised.

If found liable, Musk could have been ordered to pay out billions in damages.

It took the nine jurors less than two hours to reach their verdict on the class-action lawsuit on Friday...

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https://www.bbc.com/news/world-us-canada-64520157

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