A lawyer for Tesla shareholders who claim Elon Musk deceived them when he tweeted that he had secured funding to take his electric car company private is expected to make closing arguments to a San Francisco jury on Friday.
Thomson ReutersTesla CEO Elon Musk and his security detail depart the company’s local office in Washington, D.C., on Jan. 27. Closing arguments in Musk's Tesla stock trial were to take place Friday in San Francisco.
A jury of nine will decide whether the tweet artificially inflated Tesla's share price by playing up the status of funding for the deal and, if so, by how much.The trial is testing whether Musk, the world's second-richest person, can be held liable for his sometimes impulsive use of Twitter.Tesla shareholders have accused Musk of misleading them on Aug.
During the three-week trial, jurors heard testimony from witnesses including Tesla directors, Musk's financial advisers and Musk himself.
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