Elon Musk cleared of wrongdoing in trial over 2018 tweets ...Middle East

News by : (The Hill) -
Twitter CEO Elon Musk has been cleared of wrongdoing related to tweets he posted in 2018 announcing plans to try to take Tesla private.  A jury found Musk did not violate federal securities laws in posting his plans and hinting that the arrangement would go through before it failed to come together.  “Am considering taking Tesla private at $420. Funding secured,” he posted, years before he became the head of the social media platform.  “Investor support is confirmed. Only reason why this is not certain is that it’s contingent on a shareholder vote,” he later posted.  Investors filed a class-action lawsuit against Musk, Tesla and the company’s board of directors over the tweets

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