Jury clears Musk of fraud charges in Tesla tweet trial

JURORS yesterday cleared Elon Musk of liability for investors’ losses in a fraud trial over his 2018 tweets claiming that he had funding in place to take Tesla private.

The tweets sent the Tesla share price on a rollercoaster ride, and Musk was sued by shareholders who said the tycoon acted recklessly in an effort to squeeze investors who had bet against the company.