Recently, Musk won the lawsuit over the 2018 privatization of Tesla tweets. A U.S. jury found Musk and his companies not liable for misleading investors. Tesla shareholders are seeking billions of dollars in damages after Musk tweeted in 2018 that he had raised funds to take the company private.

Tesla shareholders claimed that Musk misled them in his August 7, 2018 tweet. In the tweet, Musk said that he is considering privatizing the company at a price of US$420 per share (about 2,845 yuan), a premium of approximately 23% from the previous day's closing price, and that "funds are already in place." Tesla shareholders said Musk lied when he tweeted later that day that "investor support was confirmed."

Tesla’s stock price soared after the tweet, but fell again after August 17, 2018, as the acquisition did not occur. An economist hired by Tesla shareholders calculated that investor losses were as high as $12 billion (approximately RMB 81.3 billion).

Musk told jurors at the trial that he had arranged the necessary financing, including a verbal commitment from Saudi Arabia's sovereign wealth fund, the Public Investment Fund. Musk said the fund later reneged on its promise. Additionally, Musk noted that his tweets don't always impact Tesla's stock the way he intended. "Just because I tweet something, doesn't mean people will believe it or act accordingly."

Musk's lawyer said that Musk's "funding is in place" tweet "is technically inaccurate, but investors only care about whether Musk is considering an acquisition." He said in closing arguments: "It's just that Just because it's a bad tweet, doesn't mean it's fraudulent. ”

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