Jury Finds Elon Musk Did Not Defraud Tesla Investors With Infamous “Guaranteed Financing” Claim
A jury found Elon Musk not liable for investor costs when he issued a series of tweets saying he had "secured" funds to take the electric car maker private.Friday's verdict, delivered by a nine-person Northern California jury, represents a legal victory for the 51-year-old billionaire, who has seen the value of his Tesla holdings decline 44% over the past year. During the trial, Musk personally took the stand to defend the tweets and testified that he believed he had a 2018 handshake deal with the Saudi Arabian Public Investment Fund to turn Tesla, which is a publicly traded company, in…
