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Elon Musk found not guilty of fraud over Tesla tweet
10 Feb 2023 3:49 am
It was a tweet, it is well known that Musk is a twitter troll and not exactly stable... if shareholders base their decisions on his tweets they deserve to lose billions... it would be something different if it was announced on a shareholders meeting but sueing people for posting misinformation on twitter... lol... remember this one?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.
https://youtu.be/_atNAUe8kRQ
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