Musk himself thanked the jury on Twitter — which he bought in October for $44bn .The Tesla shareholders who sued Musk had sought billions of dollars in damages.He fought hard against accusations that he had not told the truth, with his lawyer, Alex Spiro, telling the jury the “funding secured” tweet was only technically inaccurate.
“He doesn't want to play by SEC rules as the SEC understands them, and the SEC doesn't want to be perceived as backing down,” said Adam Pritchard, a University of Michigan law professor. “I expect them to continue having their difficulties.” Still, many analysts said Musk, who has tweeted more than 22,000 times and has about 128- million Twitter followers, has no reason to slow down now.
“Many people, when confronted by a lawsuit of this type would have dialled back tweeting,” said Kim Forrest, chief investment officer at Bokeh Capital Partners. “But that wasn't the case in the Twitter deal, was it?Would you like to comment on this article?
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Billionaire Musk likely to 'double down' on tweets after court victoryBillionaire Musk likely to 'double down' on tweets after court victory: Elon Musk may become even more emboldened in his Twitter use after a jury cleared the billionaire Tesla CEO over his missive that he had 'funding secured' to take his electric car…
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