A jury deliberated for about an hour, then found Tesla CEO Elon Musk is “not liable” for losses incurred by investors who accused him of fraud based on his tweets in August 2018 that he was thinking of taking the company private, adding “funding secured,” according to reports from The New York Times and CNBC.
The deliberation was exceptionally quick. While cases can be difficult to compare directly, juries took days to deliberate on verdicts for Elizabeth Holmes and Martin Shkreli, both of whom were on trial for fraud. The decision for Musk took a fraction of that time.
“We are still considering next steps,” Nicholas Porritt, an attorney for the plaintiffs said in an email
With Musk in attendance, the jury in the billionaire’s…