Elon Musk emerged victorious from the lawsuit in which he stated that the content of his tweets should not be taken literally. This is the word of the tweeter in chief.
The jury in the federal court of San Francisco considered this past Friday in its verdict that Musk is not responsible for the losses suffered by investors after posting messages on his Twitter account, in 2018, saying that he had funds to withdraw from the Tesla, the electric car company he founded and runs. Something that ultimately did not happen.
The case went to trial in a class action lawsuit regarding fraud in the value of shares derived from those messages. Tesla investors took legal action against Musk, also the head of Space X or Twitter, alleging that the message about that embryonic plan to drive Tesla off Wall Street had devastating consequences. They even spoke of losses of 12,000 million dollars.
The jury, made up of seven men and two women, deliberated for an hour and took no more time to conclude that Musk did not cause shareholders losses with his tweets. In case of losing, the businessman would have had to pay billions of dollars in compensation for damages.
