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Elon Musk Found Liable for Misleading Twitter Investors

3/21/2026

47 9 Full Breakdown

Summary

Story summary

A San Francisco jury found Elon Musk, Tesla and SpaceX CEO, liable for misleading investors by driving down Twitter's stock before his $44 billion 2022 acquisition.
The jury said Musk misled investors with two tweets but did not scheme to defraud.
Damages were estimated between $3 and $8 per stock per day, totaling about $2.1 billion.
This case follows a prior trial in which Musk was cleared of Tesla-related wrongdoing.

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Story summary

A San Francisco jury found Elon Musk, Tesla and SpaceX CEO, liable for misleading investors by driving down Twitter's stock before his $44 billion 2022 acquisition.
The jury said Musk misled investors with two tweets but did not scheme to defraud.
Damages were estimated between $3 and $8 per stock per day, totaling about $2.1 billion.
This case follows a prior trial in which Musk was cleared of Tesla-related wrongdoing.