Elon Musk Cleared of Responsibility for Shareholder Losses in “Funding Secured” Tweet Trial Verdict

Elon Musk, CEO of Tesla, faced a verdict in a trial with a shareholder who accused him of manipulating Tesla’s stock price with false tweets. The verdict found that Musk’s tweets were not false or misleading, and did not manipulate the market. The judge ruled in favor of Musk and Tesla, dismissing the case. This outcome reinforces the CEO’s controversial use of social media to communicate with the public and shows that his tweets, while often unconventional, are not illegal or harmful to Tesla’s shareholders.