<p>Tesla CEO Elon Musk has been found not guilty by a US jury over his 2018 tweet that was perceived to be misleading investors when he mentioned about securing funding to make Tesla a private company. Shares of Tesla rose 1.6 per cent in after-hours trading following the verdict.&nbsp;The tweets sent the Tesla share price on a rollercoaster ride, and a class action suit was filed against Musk claiming that the tech billionaire acted recklessly in an effort to squeeze investors who had bet against the company.</p>

<p>Musk then had agreed to step aside as Tesla board chairman and settled for $20m.</p>

<p>On August 7, 2018, Musk tweeted,&nbsp;"Am considering taking Tesla private at $420. Funding secured."</p>

<p>According to reports, the nine jurors in California court took less than two hours to reach their verdict on Friday afternoon.</p>

<p>While appearing on the witness stand, Musk said, "Just because I tweet something does not mean people believe it or will act accordingly."</p>

<p>Shareholders had argued that "funding secured" suggested more than a verbal agreement.</p>

<h2><strong>Elon Musk’s Starlink goes live in Nigeria</strong></h2>

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<p>Musk—who had wanted the trial shifted to Texas, where Tesla is based, arguing that he could not get a fair trial in San Francisco—welcomed the verdict.</p>

<p>Taking to Twitter, the 51-year-old said, “Thank goodness, the wisdom of the people has prevailed!”</p>

<p>"I am deeply appreciative of the jury's unanimous finding of innocence in the Tesla 420 take-private case."</p>

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<p dir="ltr" lang="en">Thank goodness, the wisdom of the people has prevailed!<br />
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I am deeply appreciative of the jury’s unanimous finding of innocence in the Tesla 420 take-private case.</p>
— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1621653950947799042?ref_src=twsrc%5Etfw">February 3, 2023</a></blockquote>
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<p>Nicholas Porritt, a lawyer for the investors, said in a statement, "We are disappointed with the verdict and are considering next steps."</p>

<p>"A dark chapter is now closed for Musk and Tesla," Wedbush analyst Dan Ives told Reuters, adding that some Tesla investors feared Musk might have to sell more Tesla stock if he lost.</p>

<p><em>(With inputs from agencies)</em></p>

<p><strong>WATCH WION LIVE HERE</strong></p>

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Tesla CEO Elon Musk has been found not guilty by a US jury over his 2018 tweet that was perceived to be misleading investors when he mentioned about securing funding to make Tesla a private company.

Tesla CEO Elon Musk has been found not guilty by a US jury over his 2018 tweet that was perceived to be misleading investors when he mentioned about securing funding to make Tesla a private company. Shares of Tesla rose 1.6 per cent in after-hours trading following the verdict. The tweets sent the Tesla share price on a rollercoaster ride, and a class action suit was filed against Musk claiming that the tech billionaire acted recklessly in an effort to squeeze investors who had bet against the company. Musk then had agreed to step aside as Tesla board chairman and settled for $20m. On August 7, 2018, Musk tweeted, "Am considering taking Tesla private at $420. Funding secured." According to reports, the nine jurors in California court took less than two hours to reach their verdict on Friday afternoon. While appearing on the witness stand, Musk said, "Just because I tweet something does not mean people believe it or will act accordingly." Shareholders had argued that "funding secured" suggested more than a verbal agreement. Elon Musk’s Starlink goes live in Nigeria Musk—who had wanted the trial shifted to Texas, where Tesla is based, arguing that he could not get a fair trial in San Francisco—welcomed the verdict. Taking to Twitter, the 51-year-old said, “Thank goodness, the wisdom of the people has prevailed!” "I am deeply appreciative of the jury's unanimous finding of innocence in the Tesla 420 take-private case." Thank goodness, the wisdom of the people has prevailed! I am deeply appreciative of the jury’s unanimous finding of innocence in the Tesla 420 take-private case. — Elon Musk (@elonmusk) February 3, 2023 × Nicholas Porritt, a lawyer for the investors, said in a statement, "We are disappointed with the verdict and are considering next steps." "A dark chapter is now closed for Musk and Tesla," Wedbush analyst Dan Ives told Reuters, adding that some Tesla investors feared Musk might have to sell more Tesla stock if he lost. (With inputs from agencies) WATCH WION LIVE HERE

Elon Musk found not guilty in 2018 Tesla ‘funding secured’ tweet case

<p>Just days after offering to buy tech-giant Twitter, billionaire Elon Musk has taken on Netflix after the platform reported a loss of subscribers for the first time in 10 years. Elon Musk has attempted to interpret&nbsp;why Netflix has lost subscribers.</p>

<p>"The woke mind virus is making Netflix unwatchable," tweeted Musk on Wednesday (April 20). He has replied to a tweet posted by Slashdot.</p>

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<p dir="ltr" lang="en">The woke mind virus is making Netflix unwatchable</p>
— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1516600269899026432?ref_src=twsrc%5Etfw">April 20, 2022</a></blockquote>
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<p>Elon Musk's&nbsp;tweet has sent the social media into a tizzy. The tweet has garnered more than 150,000 likes and 19.3 comments.</p>

<p>This is not the first time Elon Musk has been assertive against 'wokeness'. He has earlier said that "wokeness" is the "biggest threat to civilization.” He had put forth his opinion during his conversation with a satire website.</p>

<p>Netflix had 221.6 million subscribers at the end of first quarter of 2022. The number was slightly less than what it had in the final quarter of 2021.</p>

<p><strong>Also Read | <a href="https://www.wionews.com/entertainment/hollywood/news-how-is-elon-musk-connected-to-the-johnny-depp--amber-heard-defamation-case-472374">How is Elon Musk connected to the Johnny Depp- Amber Heard defamation case?</a></strong></p>

<p>Elon Musk has stirred the pot lately as far as online platforms are concerned. His offer to buy Twitter sent shockwaves across the world. Musk already has a stake in the social media giant.</p>

<p>Twitter went into huddle soon after Musk made his intention clear and came up with what is known as a 'poison pill'. It is a strategy used by companies to deter unwelcome buyers. According to this strategy, the companies flood the market with so many newly created stocks that taking over the company becomes prohibitively expensive. Twitter founder Jack Dorsey has criticised Twitter board's decision to adopt a poison pill strategy.</p>


Just days after offering to buy tech-giant Twitter, billionaire Elon Musk has taken on Netflix after the platform reported a loss of subscribers for the first time in 10 years.

Just days after offering to buy tech-giant Twitter, billionaire Elon Musk has taken on Netflix after the platform reported a loss of subscribers for the first time in 10 years. Elon Musk has attempted to interpret why Netflix has lost subscribers. "The woke mind virus is making Netflix unwatchable," tweeted Musk on Wednesday (April 20). He has replied to a tweet posted by Slashdot. The woke mind virus is making Netflix unwatchable — Elon Musk (@elonmusk) April 20, 2022 × Elon Musk's tweet has sent the social media into a tizzy. The tweet has garnered more than 150,000 likes and 19.3 comments. This is not the first time Elon Musk has been assertive against 'wokeness'. He has earlier said that "wokeness" is the "biggest threat to civilization.” He had put forth his opinion during his conversation with a satire website. Netflix had 221.6 million subscribers at the end of first quarter of 2022. The number was slightly less than what it had in the final quarter of 2021. Also Read | How is Elon Musk connected to the Johnny Depp- Amber Heard defamation case? Elon Musk has stirred the pot lately as far as online platforms are concerned. His offer to buy Twitter sent shockwaves across the world. Musk already has a stake in the social media giant. Twitter went into huddle soon after Musk made his intention clear and came up with what is known as a 'poison pill'. It is a strategy used by companies to deter unwelcome buyers. According to this strategy, the companies flood the market with so many newly created stocks that taking over the company becomes prohibitively expensive. Twitter founder Jack Dorsey has criticised Twitter board's decision to adopt a poison pill strategy.

Elon Musk tweets against 'woke' Netflix days after Twitter takeover announcement

<p>SpaceX founder <strong>Elon Musk</strong> in a tweet once again spoke about a "permanent base" on the Moon.&nbsp;</p>

<p>"It's been now almost 1/2 century since humans were last on the Moon. That's too long, we need to get back there," Musk tweeted.</p>

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<p dir="ltr" lang="en">"It's been now almost 1/2 century since humans were last on the moon. That's too long, we need to get back there &amp; have a permanent base — a big permanently occupied base. And then build a city on Mars to become a spacefaring civilization, a multi-planet species”<br />
<a href="https://twitter.com/elonmusk?ref_src=twsrc%5Etfw">@elonmusk</a> <a href="https://t.co/Tb5RROlCkm">pic.twitter.com/Tb5RROlCkm</a></p>
— Gail Alfar (Austin) (@GailAlfarATX) <a href="https://twitter.com/GailAlfarATX/status/1463747533444894722?ref_src=twsrc%5Etfw">November 25, 2021</a></blockquote>
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<p>The <strong>Tesla</strong> chief went one step further and added "build a city on Mars to become a <strong>spacefaring civilization</strong>, a multi-planet species.”</p>

<p>It is not the first time Musk, 50, has spoken about a "permanent base" on the Moon. Earlier this year, he had said it was the next logical step for humanity during a video link at&nbsp;a forum in Russia.</p>

<p><a href="https://www.cnbctv18.com/buzz/netizens-hail-elon-musks-prompt-reply-to-tesla-car-complaint-on-twitter-11563512.htm">Also Read:&nbsp;Netizens hail Elon Musk for ‘promptly’ replying to Twitter complaint in 3 minutes</a></p>

<p>This week Musk's SpaceX collaborated with <strong>NASA</strong>&nbsp;to crash a spacecraft into an asteroid as real-world proof of concept should a potential doomsday occur someday.</p>

<p>Musk was excited as the SpaceX rocket lifted off from Vandenberg Space Force Base. Musk&nbsp;declared: "Avenge the <strong>dinosaurs</strong>!!" NASA joined in tweeting: "Asteroid Dimorphos: we're coming for you!"</p>

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<p dir="ltr" lang="en">Avenge the dinosaurs!! <a href="https://t.co/knL2pFLGzF">https://t.co/knL2pFLGzF</a></p>
— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1463828765151272962?ref_src=twsrc%5Etfw">November 25, 2021</a></blockquote>
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<p dir="ltr" lang="en">☀️ The warmth of sunshine on just-unrolled solar panels. Nothing like it.<br />
<br />
Our <a href="https://twitter.com/hashtag/DARTMission?src=hash&amp;ref_src=twsrc%5Etfw">#DARTMission</a> has unfurled its two 28-foot-long solar arrays, the last milestone in today's successful launch. <a href="https://t.co/CwG2zVCsl7">https://t.co/CwG2zVCsl7</a> <a href="https://t.co/sqkgqdbHin">pic.twitter.com/sqkgqdbHin</a></p>
— NASA (@NASA) <a href="https://twitter.com/NASA/status/1463441008834797568?ref_src=twsrc%5Etfw">November 24, 2021</a></blockquote>
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<p>"We've received our first signals from #DARTMission, which will continue to roll out its solar arrays in the coming hours and prepare for its 10-month, one-way trip to the asteroid," the NASA&nbsp;tweet said.</p>

<p>The&nbsp;final act of destorying the asteroid is set to take place later next year.</p>

<p>(With inputs from Agencies)</p>


SpaceX founder Elon Musk in a tweet once again spoke about a "permanent base" on the Moon. "It's been now almost 1/2 century since humans were last on the Moon. That's too long, we need to get back there," Musk tweeted.

SpaceX founder Elon Musk in a tweet once again spoke about a "permanent base" on the Moon. "It's been now almost 1/2 century since humans were last on the Moon. That's too long, we need to get back there," Musk tweeted. "It's been now almost 1/2 century since humans were last on the moon. That's too long, we need to get back there & have a permanent base — a big permanently occupied base. And then build a city on Mars to become a spacefaring civilization, a multi-planet species” @elonmusk pic.twitter.com/Tb5RROlCkm — Gail Alfar (Austin) (@GailAlfarATX) November 25, 2021 × The Tesla chief went one step further and added "build a city on Mars to become a spacefaring civilization, a multi-planet species.” It is not the first time Musk, 50, has spoken about a "permanent base" on the Moon. Earlier this year, he had said it was the next logical step for humanity during a video link at a forum in Russia. Also Read: Netizens hail Elon Musk for ‘promptly’ replying to Twitter complaint in 3 minutes This week Musk's SpaceX collaborated with NASA to crash a spacecraft into an asteroid as real-world proof of concept should a potential doomsday occur someday. Musk was excited as the SpaceX rocket lifted off from Vandenberg Space Force Base. Musk declared: "Avenge the dinosaurs!!" NASA joined in tweeting: "Asteroid Dimorphos: we're coming for you!" Avenge the dinosaurs!! https://t.co/knL2pFLGzF — Elon Musk (@elonmusk) November 25, 2021 × ☀️ The warmth of sunshine on just-unrolled solar panels. Nothing like it. Our #DARTMission has unfurled its two 28-foot-long solar arrays, the last milestone in today's successful launch. https://t.co/CwG2zVCsl7 pic.twitter.com/sqkgqdbHin — NASA (@NASA) November 24, 2021 × "We've received our first signals from #DARTMission, which will continue to roll out its solar arrays in the coming hours and prepare for its 10-month, one-way trip to the asteroid," the NASA tweet said. The final act of destorying the asteroid is set to take place later next year. (With inputs from Agencies)

Musk's mission: Build a city on Mars to become a 'spacefaring civilization', multi-planet species

<p>On Sunday, Tesla Inc Chief Executive Elon Musk and US Senator Bernie Sanders got into a spat after Sanders demanded that the wealthy pay their "fair share" of taxes.</p>

<p>"We must demand that the extremely wealthy pay their fair share. Period," Sanders wrote on Twitter.&nbsp;</p>

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<p dir="ltr" lang="en">We must demand that the extremely wealthy pay their fair share. Period.</p>
— Bernie Sanders (@SenSanders) <a href="https://twitter.com/SenSanders/status/1459584250668331011?ref_src=twsrc%5Etfw">November 13, 2021</a></blockquote>
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<p><strong>Also read |&nbsp;</strong><a href="https://www.wionews.com/world/579-percent-vote-yes-twitter-wants-elon-musk-to-sell-10-percent-of-his-tesla-stock-427552"><strong>57.9 percent vote 'yes'; Twitter wants Elon Musk to sell 10 percent of his Tesla stock</strong></a></p>

<p>Musk responded by taking a dig at the 80-year-old senator and saying, "I keep forgetting you're still alive."</p>

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— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1459891238384115722?ref_src=twsrc%5Etfw">November 14, 2021</a></blockquote>
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<p>Sanders and Musk have sparred previously too, with the Senator telling Musk to "focus on Earth" instead of using his wealth to travel to other planets.</p>

<p>As of Nov. 12, the billionaire CEO had already offloaded shares worth a combined $6.9 billion in the electric car company.&nbsp;</p>

<p>Taking another poke at Senator Sanders, Musk then tweeted, "Want me to sell more stock, Bernie? Just say the word."</p>

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<p dir="ltr" lang="en">Want me to sell more stock, Bernie? Just say the word …</p>
— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1459904966194253824?ref_src=twsrc%5Etfw">November 14, 2021</a></blockquote>
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<p>The tweet by Sanders comes amid efforts in Washington to raise taxes on the ultra-wealthy.</p>

<p>Senate Democrats have proposed taxing billionaires' stocks and other tradeable assets in order to finance President Biden's social spending agenda and to close a loophole that allows these super-rich individuals to defer capital gains taxes indefinitely.</p>

<p>On Twitter a week ago, Musk said he would sell 10 per cent of his shares if social media users endorsed the move. He had said that he would “abide by the results of this poll, whichever way it goes.” &nbsp;</p>

<p><strong>Also read |&nbsp;<a href="https://www.wionews.com/world/true-to-his-promise-elon-musk-sells-930000-shares-of-tesla-stock-worth-11-billion-428386">True to his promise, Elon Musk sells 930,000 shares of Tesla stock worth $1.1 billion</a></strong></p>

<p>After about 57.9 per cent of people voted in support of the stock sale, staying true to his promise Musk sold 930,000 shares of his company stock, which amounted to over $1.1 billion.</p>

<p>Following this Musk once again sold 1.2 million shares held by his trust for over $1.2 billion on November 12.</p>

<p><strong>Watch |&nbsp;Elon Musk is willing to spend $6 billion to fight world hunger, but with a plan&nbsp;</strong></p>

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On Sunday, Tesla Inc Chief Executive Elon Musk and US Senator Bernie Sanders got into a spat after Sanders demanded that the wealthy pay their "fair share" of taxes.

On Sunday, Tesla Inc Chief Executive Elon Musk and US Senator Bernie Sanders got into a spat after Sanders demanded that the wealthy pay their "fair share" of taxes. "We must demand that the extremely wealthy pay their fair share. Period," Sanders wrote on Twitter. We must demand that the extremely wealthy pay their fair share. Period. — Bernie Sanders (@SenSanders) November 13, 2021 × Also read | 57.9 percent vote 'yes'; Twitter wants Elon Musk to sell 10 percent of his Tesla stock Musk responded by taking a dig at the 80-year-old senator and saying, "I keep forgetting you're still alive." I keep forgetting that you’re still alive — Elon Musk (@elonmusk) November 14, 2021 × Sanders and Musk have sparred previously too, with the Senator telling Musk to "focus on Earth" instead of using his wealth to travel to other planets. As of Nov. 12, the billionaire CEO had already offloaded shares worth a combined $6.9 billion in the electric car company. Taking another poke at Senator Sanders, Musk then tweeted, "Want me to sell more stock, Bernie? Just say the word." Want me to sell more stock, Bernie? Just say the word … — Elon Musk (@elonmusk) November 14, 2021 × The tweet by Sanders comes amid efforts in Washington to raise taxes on the ultra-wealthy. Senate Democrats have proposed taxing billionaires' stocks and other tradeable assets in order to finance President Biden's social spending agenda and to close a loophole that allows these super-rich individuals to defer capital gains taxes indefinitely. On Twitter a week ago, Musk said he would sell 10 per cent of his shares if social media users endorsed the move. He had said that he would “abide by the results of this poll, whichever way it goes.” Also read | True to his promise, Elon Musk sells 930,000 shares of Tesla stock worth $1.1 billion After about 57.9 per cent of people voted in support of the stock sale, staying true to his promise Musk sold 930,000 shares of his company stock, which amounted to over $1.1 billion. Following this Musk once again sold 1.2 million shares held by his trust for over $1.2 billion on November 12. Watch | Elon Musk is willing to spend $6 billion to fight world hunger, but with a plan

'I keep forgetting you're still alive': Elon Musk takes a dig at Bernie Sanders, offers to sell more stock

<p>Tesla chief Elon Musk, who is known for his outspoken comments, has gathered another controversy which led to a massive drop in his company's own share value.</p>

<p>Musk on Friday tweeted that Tesla's share price is "too high", which led to a $14 billion wipe off the carmaker's value.&nbsp;</p>

<p><strong>Also read |&nbsp;<a href="https://www.wionews.com/world/tesla-ceo-elon-musk-tweets-against-coronavirus-lockdown-295686">Tesla CEO Elon Musk tweets against coronavirus lockdown</a></strong></p>

<p>"Tesla stock price is too high imo" (in my opinion), Musk said in a tweet.&nbsp;</p>

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<p dir="ltr" lang="en">Tesla stock price is too high imo</p>
— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1256239815256797184?ref_src=twsrc%5Etfw">May 1, 2020</a></blockquote>
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<p>Musk himself lost $3 billion following the tweet.&nbsp;</p>

<p><strong>Also read |&nbsp;<a href="https://www.wionews.com/world/it-is-elon-musk-vs-mark-zuckerberg-billionaires-clash-with-different-opinions-on-lockdown-295751">It is Elon Musk vs Mark Zuckerberg! Billionaires clash with different opinions on lockdown</a></strong></p>

<p>Tesla' share price sank 10.3 per cent on Friday to close at $701.32.</p>

<p>This sharp fall came after shares of Tesla had jumped nearly 85 per cent this year due to a rise in production and analysts lauding the company for&nbsp;being well-positioned towards an expected transition to electric cars.</p>

<p>This is not the first time that Musk&nbsp;got into trouble due to his tweets and was even charged with fraud and a fine of $20 million by US securities regulator when in August 2018 he had said that "funding secured" for car maker to go private.&nbsp;</p>

<p>Musk later reached a settlement in with SEC in April 2019 where he was asked to avoid speaking on certain topics on Twitter that includes statements about acquisitions, mergers, new products, among others.&nbsp;</p>


Tesla chief Elon Musk, who is known for his outspoken comments, has gathered another controversy which led to a massive drop in his company's own share value. Musk on Friday tweeted that Tesla's share price is "too high", which led to a $14 billion wipe off the carmaker's value.

Tesla chief Elon Musk, who is known for his outspoken comments, has gathered another controversy which led to a massive drop in his company's own share value. Musk on Friday tweeted that Tesla's share price is "too high", which led to a $14 billion wipe off the carmaker's value. Also read | Tesla CEO Elon Musk tweets against coronavirus lockdown "Tesla stock price is too high imo" (in my opinion), Musk said in a tweet. Tesla stock price is too high imo — Elon Musk (@elonmusk) May 1, 2020 × Musk himself lost $3 billion following the tweet. Also read | It is Elon Musk vs Mark Zuckerberg! Billionaires clash with different opinions on lockdown Tesla' share price sank 10.3 per cent on Friday to close at $701.32. This sharp fall came after shares of Tesla had jumped nearly 85 per cent this year due to a rise in production and analysts lauding the company for being well-positioned towards an expected transition to electric cars. This is not the first time that Musk got into trouble due to his tweets and was even charged with fraud and a fine of $20 million by US securities regulator when in August 2018 he had said that "funding secured" for car maker to go private. Musk later reached a settlement in with SEC in April 2019 where he was asked to avoid speaking on certain topics on Twitter that includes statements about acquisitions, mergers, new products, among others.

Tweet once again gets Elon Musk into trouble as Tesla loses $14 billion

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Musk's mission: Build a city on Mars to become a 'spacefaring civilization', multi-planet species

'I keep forgetting you're still alive': Elon Musk takes a dig at Bernie Sanders, offers to sell more stock

Tweet once again gets Elon Musk into trouble as Tesla loses $14 billion