Jury Announces Verdict In Elon Musk Fraud Case

A jury has cleared Tesla CEO Elon Musk of claims made by investors that he defrauded them several years ago when he tweeted that he was considering taking the company private.

“Am considering taking Tesla private at $420,” Musk tweeted on August 7, 2018. “Funding secured.”

Am considering taking Tesla private at $420. Funding secured.

— Elon Musk (@elonmusk) August 7, 2018

A federal jury in San Francisco rejected demands that Musk should have to pay billions of dollars in damages over the tweet.

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