Elon Musk’s tweets in which he said he would take Tesla private
image source: google.com
An impartial jury in San Francisco came to the conclusion that Elon Musk could not be held liable for any tweets or public statements he made about the funding of the company.
image source: google.com
Shareholders filed the case after Elon Musk tweeted many times that he had secured money to take Tesla public at a price of $420 per share.
image source: google.com
Musk requested that the trial be moved from California to Texas, where he anticipated the climate would be friendlier, but his request was not granted.
image source: google.com
Musk hoped that the trial would take place in Texas.
image source: google.com
On the 20th of January, Musk testified in his trial and stated that the stock price of Tesla was not affected by his tweets.
image source: google.com
Musk believes that you are drawing erroneous links between the content of tweets and the price of stocks.
image source: google.com
Because of this, I provided the following illustration: “Even if I tweet that I think a stock’s price is too high, it still goes up.”
image source: google.com
Despite the fact that Tesla’s stock price has dropped by more than forty percent year-over-year, it has recently made a comeback.