The US jury found Tesla chief executive Elon Musk and his company were not liable for misleading investors when he tweeted in 2018 that he had lined up funding to take the electric car company private.
A US jury on Friday found Tesla chief executive Elon Musk and his company were not liable for misleading investors when Musk tweeted in 2018 that he had lined up funding to take the electric car company private.
The world’s second-richest person has previously created legal and regulatory headaches through his sometimes impulsive use of Twitter, the social media company he bought for $US44 billion in October.Musk’s attention has been divided in recent months between Tesla, his rocket company SpaceX and now Twitter. Tesla investors have expressed concerns that running the social media company has taken up too much of his focus.
A lawyer for the shareholders told jurors that the billionaire chief executive is not above the law, and should be held be liable for the tweets.
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