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

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Musk tweeted that he was 'deeply appreciative' of the jury's decision.

Plaintiffs had claimed billions in damages and the decision also had been seen as important for Musk himself, who often takes to Twitter to air his views. The jury came back with a unanimous verdict roughly two hours after beginning deliberations. — Reuters

SAN FRANCISCO: 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. Plaintiffs had claimed billions in damages and the decision also had been seen as important for Musk himself, who often takes to Twitter to air his views.

 

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Securities fraud trial over Elon Musk's 2018 tweets draws to a close(Reuters) - A lawyer for Tesla Inc shareholders who claim Elon Musk deceived them when he tweeted that he had secured funding to take his electric car company private is expected to make closing arguments to a San Francisco jury on Friday.
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