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Prosecutors: Billions in investor damages after Musk tweet

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In this courtroom sketch is Elon Musk, left, with shareholder attorney Nicholas Porritt during redirect examination in federal court as U.S. District Judge Edward Chen, right, looks on in San Francisco, Tuesday, Jan. 24, 2023. Musk returned to the stand for a third day Tuesday in a class-action lawsuit brought by Tesla investors who allege he misled them with a tweet about a deal that never happened, testifying that his intent had been to let his shareholders know he was considering a buyout. (Vicki Behringer via AP)

Depending on the verdict, Musk and the electric automaker that he runs could be facing more financial fallout for his unpredictable behavior on the Twitter platform, which he now owns. Without acknowledging any wrongdoing, Musk and Tesla reached a $40 million settlement with securities regulators after Musk's troublesome tweets in August 2018.


Originally published at The Associated Press
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