Tesla investors lose bid for new US trial over Musk's 2018 tweets
Portfolio Pulse from
A U.S. appeals court upheld a jury's verdict clearing Tesla and CEO Elon Musk of liability over allegations of misleading investors with Musk's 2018 'funding secured' tweet.
November 06, 2024 | 7:45 pm
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Tesla and Elon Musk have been cleared of liability by a U.S. appeals court regarding the 2018 'funding secured' tweet, which had previously led to allegations of misleading investors.
The court's decision removes a legal overhang for Tesla, potentially boosting investor confidence. The resolution of this case in Tesla's favor is likely to have a positive short-term impact on its stock price.
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