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Musk cleared of fraud over 2018 'funding secured' tweet to take Tesla private
short by Hiral Goyal / on Saturday, 4 February, 2023
Tesla CEO Elon Musk and his company are "not liable" for misleading investors when Musk tweeted in 2018 that he had "funding secured" to take the electric car company private, a US jury said. Investors had sued Musk and Tesla accusing them of fraud and sought billions of dollars in damages. "Wisdom of...people has prevailed," Musk tweeted after the verdict.
read more at Reuters