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by Atreiden
964 days ago
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The jury finding was that he was not personally liable for investor losses, not that his tweet was in fact accurate. The facts are not in dispute here. He tweeted "funding secured" and funding was not secured. He announced intentions to take it private at a given price, which did not happen. He misrepresented the financial state of his company. |
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Luckily the jury had sense that the tweet was harmless in the end.
The judge ignored his stake in SpaceX he could have leveraged and mainly the Saudi Arabia firm that he was in talks with in taking Tesla private would not testify and then said the exact opposite:
https://www.theverge.com/2022/4/25/23040961/elon-musk-saudi-...
https://www.aljazeera.com/economy/2023/1/23/musk-on-trial-sa...
So in the end it's do you believe Elon or the Saudis?
The judge sided with the Saudis.