Elon Musk cleared of fraud in ‘funding secured’ trial

An image of Elon Musk in a tuxedo making an odd face. The background is red with weight scales on it.
Kristen Radtke / The Verge; Getty Images

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.

With Musk in attendance, the jury in the billionaire’s securities fraud trial heard closing arguments from an attorney representing a class of Tesla investors who claim…

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