Prosecutors: Billions in investor damages after Musk tweet

By Michael Liedtke | Associated Press

SAN FRANCISCO — 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.

Depending on the verdict, Musk and the electric automaker that he runs could be facing

→ Continue reading at Silicon Valley

More from author

Related posts

Advertisment

Latest posts

It’s Near-Impossible to Snag a Reservation at This VIP-Filled Italian Restaurant — But Now It’s Dropping a Merch Line for All Red Sauce Lovers

Rao's Homemade wants its customers to be comfortable while eating comfort foods this winter.The Italian food brand is releasing a limited-edition velour tracksuit inspired...

‘If you have a face, you have a place in the conversation about AI,’ expert says

Enlarge this image Penguin Random House ...

5 Types of Professional Losses Companies Commonly Face — and How to Mitigate Each One

Opinions expressed by Entrepreneur contributors are their own. In the complex world of business, companies often face various forms of professional loss...