Home Business Elon Musk celebrates dodging billions in potential damages from a Tesla investor swimsuit

Elon Musk celebrates dodging billions in potential damages from a Tesla investor swimsuit

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Elon Musk took a victory lap after a jury dominated in his favor Friday in a Tesla investor lawsuit that would have price him billions of {dollars}.

A San Francisco jury stated that Musk didn’t deceive traders when he tweeted in 2018 that he had ‘funding secured’ to take Tesla personal. The traders had claimed they’d misplaced billions as a result of they’d believed that Musk was about to pay a premium for Tesla’s shares when, in reality, he by no means had the skin financing to take action.

“Thank goodness, the knowledge of the folks has prevailed! I’m deeply appreciative of the jury’s unanimous discovering of innocence within the Tesla 420 take-private case,” Musk tweeted, referring to the share value he purportedly was keen to pay within the deal and a quantity that additionally doubled as a marijuana joke.

Musk, who has since acquired Twitter and spends a lot of his day on the service musing about no matter crosses his thoughts, continued his celebratory tweeting on Friday by responding to a fellow Twitter person. She had expressed shock {that a} jury in San Francisco, residence to a “communist faculty board,” would facet with Musk and that it confirmed town had some hope if “the woke thoughts virus” was eradicated—a subject proper in Musk’s more and more conservative wheelhouse.

“You’re proper,” Musk informed her earlier than transferring on to different subjects.

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