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Musk's 'Funding secured' tweet cost Tesla investors $12 billion, jury told

Por: Los Angeles Times Business February 01, 2023

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Tesla investors lost $12 billion over 10 days as a result of Elon Musk’s famous tweet in 2018 that he had “funding secured” to take the company private, a witness testified at a trial over the chief executive's liability. Lawyers for Musk have said there are billions of dollars in damages at stake in the trial, now in its third week in federal court in San Francisco. Testimony presented to jurors Tuesday by expert witnesses for the... + full article



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