Security
Elon Musk takes a victory lap after dodging billions in potential damages from a high-profile Tesla investor suit: ‘The wisdom of the people has prevailed'
1 month ago | By Fortune
Investors had accused Musk of misleading them by tweeting that he had 'funding secured' to take Tesla private.
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Elon Musk was reportedly cleared by a federal jury's verdict that his 'funding secured' tweet in 2018 didn't harm Tesla investors
1 month ago | By Business Insider
Elon Musk at the 2022 Met Gala. A federal jury in San Francisco vindicated Musk over his 2018 tweet about his plans at the time to take Tesla private. Noam Galai/GC Images
A jury found investors failed to prove Elon Musk derailed them with his tweet that he had "funding secured" to take Tesla private, per the WSJ.
The outcome vindicated Musk, who had argued that he didn't believe his tweet influenced Tesla's stock price.
Tesla investors had alleged that his public statements resulted in billions of dollars in damages.
Elon Musk was reportedly vindicated late Friday Friday when a federal...
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A jury clears Elon Musk of wrongdoing related to 2018 Tesla tweets
1 month ago | By NPR
The verdict by the nine jurors was reached after less than two hours of deliberation following a three-week trial and represents a major vindication for Musk.
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Elon Musk is cleared of wrongdoing for tweeting had 'funding secured' to take Tesla private, avoiding billions in damages
1 month ago | By Fortune
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.
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Elon Musk Found Not Liable In Trial Over Tesla Privatization Tweet
1 month ago | By Forbes
A San Francisco jury delivered a major win for the billionaire, who penned a 2018 tweet suggesting he had “funding secured” to take Tesla private.
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Elon Musk, Tesla found not liable in ‘funding secured' tweet lawsuit
1 month ago | By Tech Crunch
Elon Musk was found not liable in a class-action securities fraud trial that centered on the Tesla CEO's now infamous “funding secured” tweet.
After less than two hours of deliberation, a jury announced the verdict in the trial that kicked off three weeks ago in San Francisco. Tesla shareholders who traded the company's stock in the days after Musk tweeted that funding was “secured” to take Tesla private at a potential value of $420 per share sued the executive for billions of dollars in damages.
The outcome of the trial sent Tesla shares up about 1.5% in after-hour trading to $189.98.
The...
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Elon Musk found not liable in federal trial over “Funding secured” tweet
1 month ago | By Washington Post
Musk sat for testimony in the case over three days last month. He argued that tweets are not necessarily comprehensive, and not all believe what he says.
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