Tesla shareholders claimed they lost large sums of money due to market volatility caused by Musk’s social media posts A California court has ruled that Elon Musk did not mislead investors with a 2018 tweet suggesting he might take Tesla private, finding he is not liable for financial losses suffered by shareholders in the wake of the post. The three-week trial concluded on Friday, when jurors determined Musk could not be held liable for the shareholder losses and rejected billions of dollars in damages claimed by the plaintiffs. “Thank goodness, the wisdom of the people has prevailed! I am deeply appreciative of
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