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Evening Standard
Evening Standard
World
Sami Quadri

Elon Musk found not guilty of fraud over Tesla tweet

Elon Musk has been cleared of misleading investors when he tweeted in 2018 that he had "funding secured" to take the electric car company private.

Shareholders accused Mr Musk of misleading them on August 7, 2018, by tweeting that he could take Tesla private at $420 per share, a 23 per cent premium to its last closing price. The proposed £72billion (£60billion) buyout never took place.

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