Musk not liable in trial over taking Tesla private

Published date04 February 2023
Publication titleAzeri-Press news agency

Tesla Inc. CEO Elon Musk was found not liable in a lawsuit over his claims in 2018 that he will take the company private at $420 per share, APA reports citing Teletrader.

After two hours of deliberation, a San Francisco jury decided that he did not breach the United States securities law after he tweeted that he has the "funding secured" to take Tesla private.

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