The lawsuit between Elon Musk and Tesla investors has been decided

During the 3-week trial in San Francisco Federal Court, the jurors listened to statements from the plaintiff and Tesla executives, including Musk, and Musk’s financial advisers.

The jury, which came to a decision at the end of the hearing, did not find Musk guilty of harming Tesla investors due to his tweet about 4.5 years ago.

Musk argued that there is no connection between his sharing and stock movements

Tesla CEO Musk stated in a Twitter post in 2018 that he was considering withdrawing the company from the stock market by paying $ 420 per share, and the funds were secured for this.

Tesla investors, on the other hand, filed a lawsuit against Musk, claiming that they were deliberately misled with the said share and that they suffered billions of dollars in losses due to the imbalance in Tesla shares.

Elon Musk, in his defense that lasted for about 3 days, which he completed last week, argued that there was no connection between his tweets and Tesla share price movements.

When Musk made the aforementioned post, he said that he received a verbal commitment from the Saudi Arabian Public Investment Fund to finance the withdrawal of Tesla from the stock market.

Stating that another reason he stated that he provided financing in his tweet was that he could sell SpaceX shares, Musk explained that he did not aim to mislead investors with his sharing.

Musk also concluded his statement by stating that he had no bad intentions while sharing, and tweeted to inform investors and “do the right thing.”