Elon Musk found not guilty of fraud over Tesla tweet - BBC News

The Tesla boss is cleared of fraud charges over a tweet about taking the carmaker back into private ownership.

5 hours agoShareclose panelShare pageCopy linkAbout sharingImage source, EPABy James ClaytonNorth America technology reporterTesla co-founder Elon Musk has been cleared of wrongdoing for a tweet in which he said he had "funding secured" to take the electric carmaker back into private ownership.

Shareholders argued he misled them with his posts in August 2018, and they had lost billions of dollars because of them.

The proposed $72bn (£60bn) buyout never materialised.

If found liable, Musk could have been ordered to pay out billions in damages.

It took the nine jurors less than two hours to reach their verdict on the class-action lawsuit on Friday afternoon.

https://www.bbc.co.uk/news/world-us-canada-64520157?at_medium=RSS&at_campaign=KARANGA

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