Friday, 24 March, 2023

Elon Musk and Tesla Acquitted in 'Funding Secured' Tweet Lawsuit

<p>A US judge has ruled that Elon Musk and Tesla are not liable in a lawsuit over a 2018 tweet where Musk claimed to have secured funding to take Tesla private. The SEC claimed the statement was false and misleading, but the judge ruled it wasn&#39;t material information and that the SEC failed to prove intent to harm shareholders.</p>