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Musk’s tweets on Tesla funding reckless, court rules | Financial Markets

Judge finds ‘there was nothing concrete’ about Saudi financing to take the electric carmaker private. A US court has ruled that Elon Musk’s 2018 tweets saying funding had been secured to take Tesla private were inaccurate and reckless, delivering a major victory to investors who alleged the billionaire artificially inflated stock prices. US District Judge […]