Jury clears Elon Musk of wrongdoing for 2018 tweets in which he declared he had financing to take Tesla private.
A jury has decided Elon Musk didn't deceive investors with tweets in 2018.
The contrasting portraits of the enigmatic billionaire came during closing arguments in a trial focused on whether Musk's tweeting in 2018 misled Tesla shareholders, steering them in a direction that they argue cost them billions of dollars. The tweets caused Twitter's stock to surge during a 10-day period covered by the lawsuit before falling back after Musk abandoned a deal in which he never had a firm financing commitment, based on evidence presented during the three-week trial.
"Our society is based on rules," Porritt said. "We need rules to save us from anarchy. Rules should apply to Elon Musk like everyone else." "He was trying to include the retail shareholder, the mom and pop, the little guy, and not seize more power for himself," Spiro said.
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