Elon Musk Found Not Liable In ‘Funding Secured’ Tweet Trial. Tesla Stock Rises.

A verdict has been secured. It’s one that should make Elon Musk—and Tesla investors—smile.

A California jury on Friday found the


CEO not liable for damages from the fallout associated with Musk’s August 2018 “funding secured” tweet about taking the electric vehicle maker private at $420 per share. After stock splits, the $420 price would have worked out to $52.50 per share.