The Latest Breaking News from Nicholas Porritt

Elon Musk found not guilty of fraud over Tesla tweet

Shareholders accused 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, and had “funding secured”

Evening Standard · Feb 4, 2023

Elon Musk cleared by jury of deceiving Tesla investors over 2018 tweets

Elon Musk has been found not guilty by a jury of deceiving Tesla investors with tweets in 2018 that cost them billions, according to estimates, as he claimed he had funding to take the company private

Daily Mirror · Feb 4, 2023

Jury clears Elon Musk of wrongdoing over 2018 Tesla tweets

Musk was accused of deceiving investors when he tweeted he had secured enough funding to take Tesla private.

Al Jazeera · Feb 4, 2023

Musk says saudis unequivocally wanted to take Tesla private

Elon Musk told a jury that his 2018 tweet announcing a proposal to take Tesla Inc. private included the possibility of using his holdings in SpaceX to help finance the transaction, along with a multibillion-dollar commitment by Saudi Arabia’s sovereign wealth fund.

Tribune News Service · Jan 23, 2023

Elon Musk Takes Stand in Tesla Tweet Fraud Trial

Tesla CEO Elon Musk took the stand in a California fraud trial on Friday, accused of lying in tweets about taking the auto company private, punishing investors. Musk was called to testify by lawyers for angry investors who accuse him of costing them millions of dollars in 2018 with untrue…

Asharq Al-Awsat · Jan 21, 2023

Elon Musk takes the witness stand to defend his Tesla buyout tweets

Two tweets in 2018 led to a class-action lawsuit alleging Musk misled investors, pulling him into court for about a half hour to deliver sworn testimony in front of a nine-person jury.

WEKU · Jan 21, 2023

As Musk bids for Twitter, his fight to tweet freely hits snag

Tesla Inc. CEO Elon Musk earned the nickname “Teflon Elon” by successfully fighting off multiple legal challenges. But a recent court ruling suggests his run of personal victories may be endangered.

Tribune News Service · Apr 23, 2022