Musk's tweets misled investors, jury finds

A California jury has ruled that Elon Musk's tweets misled investors, contributing to losses before his $44 billion acquisition of Twitter in 2022. Musk had previously testified that he did not believe his posts would impact markets, though he admitted to making "stupid tweets." His legal team is reportedly preparing an appeal, with potential damages estimated up to $2.6 billion. The jury specifically cited two tweets from May 2022 as materially false or misleading, impacting investor confidence and the company's valuation during a critical period.