Elon Musk is always in the news due to his aggressive decisions and tweets and this time his tweets might cost him millions of dollars.

In 2018, Elon Musk tweeted that he will take Tesla private in a $72 billion buyout. He also mentioned that he had funding secured.

However, the stakeholders argued that Elon manipulated the prices of the company due to which they lost billions of dollars. Also, if the San Francisco Jury favors the stakeholders then Elon Musk will have to pay billions of dollars in damages.

He has already paid $20m to the Securities Exchange Commission (SEC) for the 7 August 2018 tweet, while Tesla had to pay another $20m.

Legal experts suggest that it will be difficult for Elon Musk to win this case because most of the stakeholders and jurors see him in a negative light.

Published by Shoaib Shahram

Syed Shoaib Shahram, Senior Journalist with over two decades of experience, in Print, Electronic & Digital Media, invites you on a captivating journey through the world of media. Shoaib has shaped the narrative of his profession, reaching extraordinary heights. Embarked on a remarkable career at PTV. Played a pivotal role in portraying a soft image of Pakistan globally, working alongside former President Pervez Musharraf & esteemed professionals from the USA. Garnered numerous awards, including the prestigious Journalist of the Year accolade in 2021. Shoaib career is an opulent odyssey of excellence and innovation that continues to captivate and inspire. Subscribe to our channel and explore the world of media, journalism, and digital storytelling!

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