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The Guardian - US
The Guardian - US
Technology
Erin McCormick in San Francisco

Tesla trial: did Musk’s tweet affect the firm’s stock price? Experts weigh in

The investors’ attorneys must prove that Musk’s tweets harmed shareholders.
The investors’ attorneys must prove that Musk’s tweets harmed shareholders. Photograph: Stephen Lam/Reuters

After Elon Musk tapped the tweet button at 12.48 pm on 7 August 2018, a bunch of Tesla investors were about to be taken on a wild ride.

“Am considering taking Tesla private at $420. Financing secured,” read the tweet that has since stirred up more than four years of securities fraud litigation focused on the rampant tweeting habits of the electric automaker’s billionaire CEO.

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