A jury has determined Elon Musk didn’t deceive buyers with tweets in 2018.
The decision by the 9 jurors was reached after much less that two hours of deliberation following a three-week trial.
The trial pitted Tesla buyers represented in a class-action lawsuit in opposition to Musk, who’s CEO of each the electrical automaker and the Twitter service he purchased for for $44 billion a couple of months in the past.
In 2018, Musk tweeted that he had the financing to take Tesla non-public regardless that it turned out he hadn’t gotten an iron-clad dedication for an aborted deal that might have price $20 billion to $70 billion to drag off.
It’s a significant vindication for Musk, whose integrity was at stake as nicely a part of a fortune that has established him as one of many world’s richest folks. He may have been saddled with a invoice for billions of {dollars} in damages had the jury discovered him responsible for the 2018 tweets that had already been deemed falsehoods by the decide presiding over the trial.
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