In re Tesla Inc. Securities Litigation

  1. June 15, 2023

    Tesla Investors Can't Reverse Verdict In Musk Tweet Suit

    A California federal judge has concluded there was substantial evidence for a jury to find that Tesla CEO Elon Musk's false tweets about taking the company private weren't material to investors' stock-buying decisions, rejecting their attempts to reverse the verdict or get a new trial.

  2. April 06, 2023

    Tesla Investors See 'Uphill Battle' To Revive Musk Tweet Suit

    Counsel for Tesla investors in a securities class action urged a California federal judge on Thursday to reverse a jury finding that CEO Elon Musk's false tweets about taking the company private weren't material to investors' stock buying decisions, while also acknowledging he sensed "a bit of an uphill battle here."

  3. March 21, 2023

    Tesla Fights Investors' New Trial Bid In Tweet Suit

    Tesla Inc., Elon Musk and several other defendants named in a class action over tweets Musk made in 2018 about taking the company private told a California federal judge Monday that the suing investors do not deserve a new trial after a jury found last month that Tesla wasn't liable for the tweets.

  4. March 08, 2023

    Tesla Investors Seek New Trial Over Musk Tweets

    A group of Tesla investors in a class action against the electric-car company and its owner Elon Musk is asking a California federal judge to reverse a jury finding last month that Tesla wasn't liable for Musk's tweets about taking the company private, arguing that confusing jury instructions led to an incorrect verdict.

  5. February 07, 2023

    Musk Victory Unlikely To Move The Needle On Securities Trials

    Elon Musk may have been willing to put Tesla's future in the hands of jurors last week, but his rare victory in a securities class action trial is unlikely to leave other corporate defendants clamoring to do the same, legal experts told Law360.

  6. February 06, 2023

    Elon Musk Deserves Credit For Tweet Trial Win, Attys Say

    The jury verdict clearing Elon Musk of securities fraud over his Tesla "take private" tweets surprised lawyers interviewed by Law360 on Monday, who pointed to a confusing verdict form, a complex fact pattern and Musk's confident turn on the witness stand as factors that likely contributed to the Tesla CEO's victory.

  7. February 03, 2023

    Tesla Jury Clears Musk In $12B 'Take Private' Tweet Trial

    A California federal jury cleared Tesla and CEO Elon Musk of securities fraud after just hours of deliberation Friday in a trial over his 2018 tweets that he had "funding secured" to take the company private, rejecting investors' claims they're owed $12 billion for losses they incurred from the false tweets.

  8. February 01, 2023

    James Murdoch Testifies Musk's Confidence In Deal Merited

    Tesla board member and ex-21st Century Fox CEO James Murdoch testified Wednesday in a California securities trial over Elon Musk's tweets about taking the company private, saying he wasn't surprised at Musk's confidence in a handshake deal with a Saudi sovereign wealth fund because such agreements aligned with his Mideast experience.

  9. January 31, 2023

    Elon Musk Tweet Cost Tesla Investors Billions, Jury Told

    Tesla CEO Elon Musk's 2018 tweets about taking the company private with "funding secured" had a material impact on the prices of Tesla stock and cost investors billions of dollars in losses, an economist testified Tuesday at a California federal securities fraud trial.

  10. January 30, 2023

    Tesla Loses Bid To Cut Stock Damage Study From Tweet Trial

    A California federal judge on Monday blocked Tesla Inc.'s bid to exclude an expert's testimony for calculating the losses investors claim they suffered as a result of CEO Elon Musk's tweet about possibly taking the company private, saying there is "nothing so fundamentally wrong" with the methodologies to make them inadmissible.