Elon Musk's Tesla tweet trial delves into investor damages

Elon Musk's Tesla tweet trial delves into investor damages

a year ago
Anonymous $gM56WhLPcK

https://apnews.com/e210e566f127f8f6507c0a537b03880d

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 challenges facing a nine-person jury as the three-week trial winds down this week. U.S. District Judge Edward Chen expects to turn the case over to the jury Friday.