economy
March 21, 2026
Ruling against Musk, unanimously
A jury has ruled against Elon Musk, who was sued by a group of Twitter investors, claiming they relied on his statements.
TL;DR
- A jury unanimously ruled against Elon Musk.
- Twitter investors sued Musk, claiming they relied on his statements.
- The jury found Musk artificially lowered Twitter's stock price between May and October 2022.
- The stock price was lowered by approximately $8 to $3 per share due to his public statements.
- Musk had argued in court that he did not mislead investors and his comments were over-interpreted.