Elon Musk pleads not guilty to Tesla tweet fraud

Elon Musk, the owner of the electric car maker, has been cleared of 'fraud charges' over Tesla's tweets. The jury in San Francisco, USA, said he was innocent.

9 jurors of the court took this important decision on Friday (February 3) afternoon. They took less than two hours to deliver the verdict. Elon Musk tweeted about taking personal control of Tesla in 2018.

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Francisco

• A San Francisco jury has found Elon Musk not guilty of forgery over Tesla's tweets. They took this important decision on Friday. Elon Musk made those tweets in 2018.
  Elon Musk falsely claimed in various tweets that he had the funds to personally take control of Tesla. But, despite such tweets, a US court ruled that Elon committed no fraud. His tweets strongly affected Tesla's share price.

Tesla's share owners then sued him. They said that the owners of Tesla shares were used by the billionaire for his own interests. His tweets were instrumental in putting pressure on investors. Also, the proposed $72 billion purchase never materialized.

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Elon Musk

• The BBC reported that if Elon Musk had been found liable by a jury in San Francisco, he would have been ordered to pay billions of dollars in damages.
  It is reported that the court's 9 jurors took less than two hours to deliver their verdict on Friday afternoon.

It should be noted that Elon Musk wanted to transfer the judicial proceedings of that court to Texas. Because the Tesla company is located in that state of the United States. But now he welcomed the court's decision.