https://techcrunch.com/2023/02/03/elon-musk-tesla-found-not-liable-in-funding-secured-tweet-lawsuit/

Elon Musk was found not liable in a class-action securities fraud trial that centered on the Tesla CEO’s now infamous “funding secured” tweet.

After less than two hours of deliberation, a jury announced the verdict in the trial that kicked off three weeks ago in San Francisco. Tesla shareholders who traded the company’s stock in the days after Musk tweeted that funding was “secured” to take Tesla private at a potential value of $420 per share sued the executive for billions of dollars in damages.