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Elon Musk s Tesla tweet trial delves into investor damages

SAN FRANCISCO (AP) An Elon Musk tweet declaring he had the financing to take Tesla private in 2018 caused billions of dollars in investor damages after

Saudi arabiaSteven hestonEdward chenMichael hartzmarkUniversity of marylandSaudi arabia public investment fundAssociated pressJudge edward chenFinancial timesPublic investment fundMynorthwest com seattle newsAlk and communityYnorthwest com

Musk s Funding secured tweet cost Tesla investors $12 billion, jury told

Testimony presented to jurors was aimed at showing that Elon Musk’s August 2018 Twitter posts sent Tesla’s stock on a roller coaster ride that hurt investors who held a variety of positions.

Saudi arabiaSan franciscoUnited statesAndrew rossmanSteven hestonElon muskEdward chenMichael hartzmarkExchange commissionUniversity of marylandForensic economicsTesla chief executive elonJudge edward chen

Elon Musk tweet cost Tesla investors US$12 billion, jury told in class-action lawsuit

A witness argued that Elon Musk’s 2018 tweet claiming to have secured funding to take Tesla private cost investors US$12 billion, a figure that does not just apply to those part of the lawsuit.

Saudi arabiaUnited statesSteven hestonAndrew rossmanEdward chenExchange commissionUniversity of marylandTesla inc securities litigationUs district courtJudge edward chenNorthern districtSan franciscoElon muskSan francisco