Elon Musk is off the hook for his 2018 tweets claiming he had “funding secured” to take Tesla personal for $420 a share. A jury discovered that Musk was for Tesla traders’ losses, following a weeks-long trial in San Francisco.
The decision is a serious victory for Musk, who may have been responsible for billions of {dollars} in damages. Musk in federal court docket that simply because he tweets one thing, it “doesn’t imply individuals imagine it or will act accordingly.” He additionally argued that he may have used his shares of SpaceX to fund the deal.
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