Elon Musk Tesla

2023 - 2 - 4

Post cover — Image courtesy of "BBC News"

Elon Musk found not guilty of fraud over Tesla tweet (BBC News)

Mr Musk faced a class-action lawsuit filed on behalf of Tesla shareholders who argued he misled them with his posts in August 2018. The proposed $72bn (£60bn) ...

and it went higher, which is counterintuitive," he said - arguing the effect his tweets have on the stock price can be unpredictable. Securities fraud lawyer Reed Kathrein called the tweet about taking Tesla private "as concrete a statement of taking a company private as there can be", and said the not guilty verdict was "a travesty to investors and the securities laws". After a lawyer representing shareholders accidentally called Elon Musk "Mr Tweet", Elon Musk promptly changed his name on Twitter to the same moniker. We need rules to save us from anarchy. Rules should apply to Elon Musk like everyone else." Tesla founder Elon Musk has been cleared of wrongdoing for a tweet in which he said he had "funding secured" to take the electric carmaker private.

Elon Musk not guilty of fraud over 2018 Tesla tweets (FRANCE 24)

A U.S. jury on Friday found Tesla Inc CEO Elon Musk and his company were not liable for misleading investors when Musk tweeted in 2018 that he had "funding ...

"The whole case is built on bad word choice," he said. But he acknowledged he lacked formal commitments from the Saudi fund and other potential backers. The fund later backpedaled on its commitment, Musk said. Tesla shareholders claimed Musk misled them when he tweeted on Aug. anti-securities fraud law "has always been thought to be this great bulwark against misstatements and falsehoods," he said. Ives added that some Tesla investors feared Musk might have to sell more Tesla stock if he lost.

Elon Musk: Tesla and Twitter CEO cleared of fraud over 2018 tweet (iNews)

Legal analysts expressed shock at the verdict, warning: 'Musk lives by his own rules, or so it seems'. FILE PHOTO: Tesla Inc CEO Elon Musk walks next to a ...

The US anti-securities fraud law “has always been thought to be this great bulwark against misstatements and falsehoods,” he said. He said that Mr Musk did not need the Tesla board’s approval for the “funding secured” tweets. and it went higher, which is counterintuitive,” he told the court. Rules should apply to Elon Musk like everyone else.” We need rules to save us from anarchy. His tweets – “am considering taking Tesla private at $420.

Elon Musk wins lawsuit over 'funding secured' tweet (CTV News)

A California jury has ruled that Elon Musk is not liable for losses experienced by Tesla shareholders following his controversial "funding secured" tweet ...

CTVNews.ca looks at some of the skills that will be most in-demand in 2023. The Bank of Canada hiked its key interest rate by a quarter of a percentage point Wednesday, bringing it to 4.5 per cent. [Securities and Exchange Commission](https://money.cnn.com/2018/09/27/technology/elon-musk-sec/index.html), the federal agency charged with protecting investors by requiring executives to tell the truth. In Yellowknife, the report said, the growing senior population, urbanization and strong labour market has pressured the housing supply. A turn from losses to profits about a year after the tweet started Tesla shares on an extraordinary run, gaining 1520% from the day of the tweet to its record high in November 2021. The federal government's latest TFSA contribution limit increase took effect as of January 1, 2023. On CTVNews.ca, personal finance contributor Christopher Liew explains what's determined as a principal residence, and what properties are eligible for the exemption. In an column on CTVNews.ca, personal finance contributor Christopher Liew explains how to calculate how much rent you can afford. It eventually reached a [settlement](https://money.cnn.com/2018/09/29/technology/business/elon-musk-tesla-sec-settlement/index.html) with Musk in which he and Tesla each agreed to pay $20 million in fines, and Musk gave up his title as chairman of the company but retained the CEO title. Tesla shares initially climbed 11% on the day of Musk's original "funding secured" tweet, but they never reached that promised $420 level, reaching a high that day of $387.46. Those two words resulted in the CEO having to forfeit his position as Tesla's executive chairman and pay millions of dollars in fines and legal fees. "I am deeply appreciative of the jury's unanimous finding."

Musk defeats Tesla shareholder suit over 2018 'funding secured ... (Automotive News)

The outcome is a bitter loss for the shareholders who sought to recoup trading losses from fluctuations in Tesla shares after Musk posted the messages.