💨 Abstract

The U.S. 9th Circuit Court of Appeals upheld a jury verdict clearing Elon Musk and Tesla of liability for misleading investors over tweets about taking the electric car company private in 2018. The court rejected arguments for a new trial, saying that while Musk's tweets were reckless, the question of whether he knowingly made false statements was still relevant for apportioning damages.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖