Jury agrees that Musk's tweets during Twitter takeover misled investors
By John Timmer
Published on March 20, 2026.
A jury in California has found that billionaire businessman Elon Musk misled investors in Twitter by making public statements that depressed the company's stock ahead of his purchase. The lawsuit, which was a class action, could result in significant damages for a wide range of investors. The jury rejected claims that the statements were part of a larger scheme.
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