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Famous billionaire Elon Musk, the owner of Twitter, Tesla and SpaceX, is one of the most indicted people in recent years. One of Musk’s pending lawsuits since 2018
Famous billionaire Elon Musk, the owner of Twitter, Tesla and SpaceX, is one of the most indicted people in recent years. One of Musk’s pending lawsuits since 2018 was concluded last day.
Tesla CEO Elon Musk tweeted in 2018 that funding was ready for the company’s privatization. After this tweet stock prices first rose and then fell after the bid failed. That’s why investors sued the famous billionaire in January.
The case was dropped because the jurors assigned to the case saw no direct connection between Musk’s Tweet and the fall in Tesla stock. During the civil hearings that lasted for weeks, what Musk meant by his tweet was extensively investigated.
In the first tweet referenced at trial, Musk said he is considering privatizing Tesla, saying: “financedhe said. In a second tweet “Investor support confirmedbut added that the proposal would depend on shareholder votes. So the jury was caught between the submissions and the investors’ grievances suing. did not establish a bond.
Therefore, the lawsuit filed against Musk by investors is in this regard. It resulted in Musk’s victory. What do you think? Please don’t forget to share your thoughts with us in the comments.
Source: Web Tekno
Alice Smith is a seasoned journalist and writer for Div Bracket. She has a keen sense of what’s important and is always on top of the latest trends. Alice provides in-depth coverage of the most talked-about news stories, delivering insightful and thought-provoking articles that keep her readers informed and engaged.
