Musk found liable to Twitter shareholders in fraud lawsuit over $44 billion takeover, Bloomberg says [Yahoo! Finance]
Tesla, Inc. (TSLA)
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Source: Yahoo! Finance
by trying to drive down the social media company's stock price so he ?could renegotiate or back out of a $44 billion takeover in 2022, Bloomberg News reported on Friday. Damages ?will be determined later, according to the report. Lawyers for Musk and the shareholders were not immediately available for comment. The verdict from a jury ?in San Francisco federal court came in a closely watched trial where Musk, the world's richest person, was accused of falsely claiming that Twitter underreported how many fake and spam accounts, known as bots, were on its platform. Musk ultimately completed his purchase of Twitter in October 2022 and renamed it X. He has since folded it into his ?rocket and space exploration company SpaceX. The civil ?trial began on March 2, and jurors began deliberating on Tuesday. Musk has often chosen to battle shareholders in court rather than settle. This included a 2023 trial in San Francisco ?over whether he defrauded Tesla shareholders who claimed t
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News
- Elon Musk misled Twitter investors ahead of $44 billion acquisition, jury says [MSNBC.com]MSNBC.com
- Jury finds Elon Musk misled investors during Twitter purchase, absolves him of some fraud claims [Yahoo! Finance]Yahoo! Finance
- 1 Little-Known Stock to Buy to Bet on Mine-Sweeping Tech in the Strait of Hormuz [Yahoo! Finance]Yahoo! Finance
- Elon Musk misled Twitter investors while trying to get out of acquisition, jury says [Yahoo! Finance]Yahoo! Finance
- Elon Musk misled Twitter investors while trying to get out of acquisition, jury says [TechCrunch]TechCrunch
TSLA
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- 1/28/26 - Beat
TSLA
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- 3/9/26 - Form 4
- 3/6/26 - Form 144
- 2/27/26 - Form 4
- TSLA's page on the SEC website