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

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Tesla 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, who also owns the social media platform Twitter, could have been ordered to pay out billions in damages.

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#ElonMusk #Tesla #BBCNews
Category
World
Tags
bbc, bbc news, news
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