Elon Musk Found Not Liable in Trial Over Tweets Proposing to Take Tesla Private
Tesla Chief Executive Elon Musk. Photo: JONATHAN ERNST/REUTERS
SAN FRANCISCO—A jury rejected investor claims that Elon Musk violated federal securities law when he tweeted in 2018 about potentially taking Tesla Inc. private, handing a major win to the billionaire chief executive.
The nine-person jury said the investors who brought the class-action case failed to prove that Mr. Musk hurt them by tweeting about a possible deal.
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