A California jury has ruled that Elon Musk is not liable for losses experienced by Tesla shareholders following his controversial “funding secured” tweet from 2018. The unanimous verdict, announced Friday in US District Court, ends a three-week long trial over a class-action shareholder lawsuit regarding the tweet, in which the billionaire said that he was thinking about taking Tesla private for $420 a share and had “funding secured.
A turn from losses to profits about a year after the tweet started Tesla shares on an extraordinary run, gaining 1520% from the day of the tweet to its record high in November 2021. That record close of $409.97 works out to $6,150 a share, when adjusted for the two stock splits since that day. Even with the 70% decline in Tesla shares from that all-time high to Friday’s close, shares are still up 384% since the close on the day of the 2018 tweet.
Fix all problem in the world nice good
Someone Got Paid? Tesla Shareholdres losses due to Negligence by the Person in charge? -ABC CBS NBC CNN
Good example of bird app taken too seriously
Just shows if you have money in this world you can do whatever the fuck you want, anytime you want, to anybody you want without repercussions. You have no honor or integrity to shit people put of money. Bad form.
Hooray! Justice has been served.
금붕어가 그립구나 그 바다에
Beyond reasonable doubt it is absolutly clear that Elon Musk intentionally tweeted to take Tesla privat at 420 to manipulate the share price up and destroy short sellers. You can't do a more obvious share price manipulation. People with money are above the law in the US.
This feels like a really bad decision and I hope the plaintiffs appeal. To anyone, let alone the current owner of Twitter, to say his ability to convey a message well is due to the character limit of each tweet is absurd. Proving that now by putting my 2nd point as follows…. /1
Just because he's getting away with it in the courts doesn't mean he's not gonna be liable for his actions. This could have a negative impact on Tesla in the future. Tesla's a blemish on the namesake of a true genius. He's hoping those people just forgive and forget? No ethics.
yeah, its not elon’s fault that those investors are suckers….
Now do November 2021's price manipulation and massive stock dump with brother.
That’s convenient
Ancora armi italiane a Soledar Un video di smotri_media fa vedere soldati della PMC Wagner mostrare le armi occidentali trovate durante la battaglia di Soledar. Tra le armi mostrate anche una cassetta di munizioni 7.65 NATO di fabbricazione italiana.
Musk is evil
Cool! White collar theft is legal! Precedents have been set!
Well yeah, if you take stock advice and actually buy it because of people’s tweets, you’re just gullible
How tf is he not guilty? So it’s ok to lie to investors now? Cool.
Elon can no longer be trusted for any of his comments.
I believe he let his legal team see his tweets before posting.
Smart guy
Fantastic
🔥🔥🔥🔥🔥🔥🔥🔥🔥
🤡
Him getting screwed for acquiring Twitter doesn’t seem so bad after all.
He paid them off.
How many CNN propagandists have this triggered?
“Ask not what your country can do for you, but for what you can do for your country.” elonmusk has done more for green energy, technology, and space travel than the American government as a whole did in 50 years. ElonistheEVsummit freemars
Innocent Secured.
Booo!
4-years! Guezzzzz it took 4-years
“Billionaire white guy that likes to tell immature 420 jokes disregarding the financial impact it could have on others is found NOT LIABLE.”
enigma duck and diver
elonmusk turn off autoblocking on Twitter. Its no different than shadow banning.
🖕🏼
Not a big surprise.
He may not but definitely a big contributor to the fall by his Big mouth.
Ridiculous
Here come all the salty elonmusk haters
The sadness in this tweet is palpable.
Does Biden have a ball?
I guessing the judge pointed out that shareholders should have been aware that Musk regularly talks a load of sh*t on Twitter, as do many of the rest of us. Don't base your trades on Twitter talk.
I praise daddy Elon.
How is he not embarrassed at like, himself at this point? Imagine being a middle-aged adult and being this puerile and irresponsible.
& CNN has been left with an egg on the face!!
Rich never get held to account. Nothings directed at Elon but same for all super rich
That case must have really sucked to lose in the Bay Area in California! elonmusk
Kim kardashian
The payment Moron Musk ( elonmusk) made beforehand to this jury