Musk not liable in trial over taking Tesla private

Home page Technology
12 Punto 14 Punto 16 Punto 18 Punto

Tesla Inc. CEO Elon Musk was found not liable in a lawsuit over his claims in 2018 that he will take the company private at $420 per share.

Axar.az reports citing Teletrader that after two hours of deliberation, a San Francisco jury decided that he did not breach the United States securities law after he tweeted that he has the "funding secured" to take Tesla private.

Musk was sued by the Securities and Exchange Commission (SEC) in 2018 over the tweet, which was deemed damaging to investors. As part of a settlement, Musk was forced to step down as Tesla chairman for three years and pay a $20 million fine.

2023.02.04 / 10:30
See also

China's Alibaba to break up empire into six units

Elon Musk puts $20 billion value on Twitter

What can Chat GPT-4, an AI do?

Twitter now shows bookmark counts on tweets

Great interest in "Togg": thousands of orders in 4 hours

Elon Musk’s capsule brings space station foursome

Meta aiming to launch new social network

Instagram is working on Twitter to share text updates

Musk is building his own city in Texas

Whatsapp users can lose their account

Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla