U.S. jury finds Tesla and Musk not liable in case over take-private tweet

Tesla CEO Musk departs the company’s local office in Washington
Tesla CEO Elon Musk and his security detail depart the company’s local office in Washington, U.S. January 27, 2023. REUTERS/Jonathan Ernst/File Photo

Feb 3 (Reuters) - A U.S. jury on Friday found Tesla Inc (TSLA.O) and CEO Elon Musk not liable in a securities fraud case over a tweet that he had lined up funding to take the electric car company private.

Plaintiffs have claimed billions in damages and the decision also had been seen as important for Musk himself, who has aggressively fought any charges that he was guilty and defended his ability to tweet broadly.

Reporting by Jody Godoy in California and Hyun Joo Jin in San Francisco Editing by Noeleen Walder, Peter Henderson and Matthew Lewis

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