Jury finds Elon Musk 2018 Tesla tweets not fraud

Elon Musk leaves the Phillip Burton Federal Building and United States Court House in San Francisco, Tuesday, Jan. 24, 2023.(Photo: AP)

Jurors in San Francisco decided on Friday that Elon Musk did not commit fraud with 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 said the tycoon acted recklessly in an effort to squeeze investors who had bet against the company.