Elon Musk wins the Twitter battle in court
After winning the court battle against Twitter, Tesla owner, Elon Musk has proved that he is invincible. On Friday, a federal jury in San Francisco decided that Tesla Inc chief executive, Elon Musk didn’t defraud investors with his 2018 tweets about electric automaker Tesla in a proposed deal that quickly unravelled and raised questions about whether the billionaire had misled investors.
Musk wins against Twitter in court
According to the officials, the nine-member jury reached its verdict after less than two hours of deliberation following a three-week trial.
It has represented a major vindication for Musk, who spent about eight hours on the witness stand defending his motives for the August 2018 tweets at the centre of the trial.
The 51 years-old, Musk wasn’t on hand for the brief reading of the verdict but he made a surprise appearance earlier Friday for closing arguments that drew starkly different portraits of him.
The billionaire himself has thanked the jury on Twitter, which he bought in October for $44 billion.
Soon after the verdict, Musk took to Twitter to celebrate his victory against the allegation by Twitter.
“Thank goodness, the wisdom of the people has prevailed!” Musk tweeted.
Thank goodness, the wisdom of the people has prevailed!
I am deeply appreciative of the jury’s unanimous finding of innocence in the Tesla 420 take-private case.
— Elon Musk (@elonmusk) February 3, 2023
Taking notes from the verdict, a professor of cooperating law at the University of Connecticut; Minor Myers said that Musk is likely to ‘double down’ on his communication tactics after the verdict. “This is only going to embolden him to act as he sees fit,” Myers said.
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Musk’s Attorney Spiro on the verdict
Musk has fought hard against accusations that he had not told the truth, with his lawyer, Alex Spiro, telling the jury that the “funding secured” tweet was only technically inaccurate. During the closing arguments, Spiro said. “Who cares about bad word choice?
The tweets led to Musk and Tesla paid $40 million to resolve U.S. Securities and Exchange Commission civil charges under a consent agreement that Musk has fought unsuccessfully to lift.
The victory will be cause for celebration for Musk’s fans on Twitter who support his vows to champion free speech on the social media platform he acquired in October for $44 billion.
“The jury got it right,” Spiro said after the verdict, declining further comment. Nicholas Porritt, a lawyer for the investors, said “we are disappointed with the result and considering our next steps.”
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