Published 1 year ago

Elon Musk’s tweet cost Tesla investors US$12 billion, jury told in lawsuit

Summary by Transport Topics

Tesla investors lost US$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 CEO’s liability.

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Associated Press News

Elon Musk's Tesla tweet trial delves into investor damages

SAN FRANCISCO (AP) — An Elon Musk tweet declaring he had the financing to take Tesla private in 2018 caused billions of dollars in investor damages after the deal collapsed, according to estimates presented Tuesday at a trial examining the haphazard handling of the buyout proposal.

1 year ago·United States

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Sydney Morning Herald

Tesla investors lost $17b after Elon Musk tweets, jury told

There are billions of dollars in damages at stake in the trial against Elon Musk. Until today, exactly how much investors say the CEO’s tweets cost them was the subject of speculation.

1 year ago·Sydney, Australia

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NZ Herald

Musk’s Tesla tweet trial delves into investor damages

Depending on the verdict, Musk and Tesla could be facing more financial fallout.

1 year ago·Auckland, New Zealand

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South China Morning Post

Elon Musk’s tweet cost Tesla investors US$12 billion, jury told in lawsuit

A witness argued that Elon Musk’s 2018 tweet claiming to have secured funding to take Tesla private cost investors US$12 billion, a figure that does not just apply to those part of the lawsuit.

1 year ago·Hong Kong

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KVIA

Elon Musk's Tesla tweet trial delves into investor damages

By MICHAEL LIEDTKE AP Technology Writer SAN FRANCISCO (AP) — An Elon Musk tweet declaring he had the financing to take Tesla private in 2018 caused billions of dollars in investor damages after the deal collapsed, according to estimates presented Tuesday at a trial examining the haphazard handling of the buyout proposal. The mind-bending estimates laid out by two experts hired by attorneys representing Tesla shareholders underscored the challeng…

1 year ago·Panama City, United States

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Financial Post

Elon Musk's Tesla tweet trial delves into investor damages

SAN FRANCISCO (AP) -- An Elon Musk tweet declaring he had the financing to take Tesla private in 2018 caused billions of dollars in investor damages after the deal collapsed, according to estimates presented Tuesday at a trial examining the haphazard handling of the buyout proposal.

1 year ago·Canada

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