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Jury mulls whether Musk’s 2018 Tesla tweet was fraud

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AFP

San Francisco (AFP) – Jurors on Friday began deliberating whether Elon Musk committed fraud and should pay dearly for 2018 tweets falsely claiming that he had funding in place to take Tesla private. The tweets sent the Tesla share price on a rollercoaster ride and Musk was sued by shareholders who say the tycoon acted recklessly in an effort to squeeze investors who had bet against the company. “Ultimately, it’s about whether rules that apply to everyone else should also apply to Elon Musk,” attorney Nicholas Porritt, who represents Glen Littleton and other investors in the automaker, told the…

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