9 Feb 2023 4:51 pm
From what I read, the tweet wasn't viewed as an official statement from Tesla, therefore it was basically considered "casual conversation" so to speak.Vegas » 07 Feb 2023, 10:31 am » wrote: ↑ I don't agree with this verdict. Musk said that he obtained funding to take Tesla private. He didn't. It wasn't a mistake; he had no confirmation that the funding was there. The defense said just because it was a bad tweet, that doesn't make it fraud. Why wouldn't shareholders believe him? He is the CEO and Tesla is a multibillion-dollar corporation. Of course the shareholders are going to believe him. They have zero reason not to. Consequently, shareholders suffered billions in damages. And Musk's response is, well sometimes the market is crazy. No apology. No acknowledgement of what his actions caused. Nothing.
Unbelievable.
It would be kinda like Musk making the statement at a cocktail party instead of making an official press release about the future of the company.
That was just the way it was framed in the op-ed I read a week or so ago.
The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people