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Elon Musk Found Liable for Misleading Investors in Tweets

3/29/2026

23 5 Full Breakdown

Summary

Story summary

A San Francisco jury found Elon Musk liable for misleading investors with tweets that harmed Twitter's stock before his 2022 acquisition.
The jury rejected claims of fraud, and damages are yet to be determined, with billions in penalties possible.
Musk's lawyer, Alex Spiro, argued the verdict reflected a desire to mock Musk.
He cited a $4.20 figure in the verdict as a joke tied to Musk's tweets.

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Story summary

A San Francisco jury found Elon Musk liable for misleading investors with tweets that harmed Twitter's stock before his 2022 acquisition.
The jury rejected claims of fraud, and damages are yet to be determined, with billions in penalties possible.
Musk's lawyer, Alex Spiro, argued the verdict reflected a desire to mock Musk.
He cited a $4.20 figure in the verdict as a joke tied to Musk's tweets.