Elon Musk's Tweets: From Bold Moves to Courtroom Drama

A jury in San Francisco found Elon Musk liable for misleading investors prior to his acquisition of Twitter but cleared him of a fraudulent scheme. The case revolved around Musk's tweets that affected Twitter’s stock price and his claims about bot accounts. He faces damages up to $2.1 billion.

Elon Musk has been found liable for defrauding investors through misleading tweets ahead of his $44 billion Twitter acquisition. However, a San Francisco jury absolved him of allegations of deliberately scheming to mislead investors.

The case focused on Musk's statements suggesting a halt on the Twitter deal and disputing the number of bot accounts. Jurors awarded shareholders damages between $3 and $8 per stock, totaling around $2.1 billion. Musk intends to appeal the ruling.

Musk's legal team argues that earlier victories will aid their appeal, while the trial highlighted Musk's claims of Twitter's inflated bot figures. The verdict underscores accountability in stock market influence driven by social media statements.

(With inputs from agencies.)