Elon Musk Found Liable By Jury For Misleading Twitter Investors In $44 Billion Deal, Faces Potential $2.5 Billion Damages - Tesla (NASDAQ:TSLA)
Published on March 21, 2026.
Tesla CEO, Elon Musk, has been found guilty of misleading Twitter investors regarding his statements regarding the company's potential $44 billion acquisition of the company. The jury also found that shareholders failed to prove a separate allegation that Musk orchestrated a scheme to defraud them. The lawsuit represents shareholders who claim they sold their stock at depressed prices due to Musk's statements. The damages have not yet been determined.
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