Musk found not guilty of fraud over Tesla tweet
Tesla founder Elon Musk has been cleared of wrongdoing for a tweet in which he said he had "funding secured" to take the electric carmaker private.
Mr Musk faced a class-action lawsuit filed on behalf of Tesla shareholders who argued he misled them with his posts in August 2018.
Central to the lawsuit was Mr Musk's tweet on 7 August 2018 that he was considering taking Tesla private at $420 per share, and had "funding secured".
The US Securities and Exchange Commission (SEC) sued Mr Musk over his tweets, accusing him of lying to investors. He and Tesla settled for $20m each.
During the three-week trial, Mr Musk - who also leads SpaceX and Twitter - had argued he thought he had a verbal commitment from Saudi Arabia's sovereign wealth fund for the deal.
During his nearly nine hours on the witness stand, the world's second-richest man said: "Just because I tweet something does not mean people believe it or will act accordingly."
