‘Teflon’ Elon Musk wins again as jury rejects tweet fraud claims

The outcome is a bitter loss for the shareholders who sought to recoup trading losses from fluctuations in Tesla shares after Elon Musk tweeted that he had "funding secured" to take the company private.

Tesla CEO Elon Musk testified that the 'funding secured' tweet was 'absolutely truthful'.

Elon Musk proved once again that he’s difficult to beat in court. 

On Friday, a federal jury in San Francisco took just two hours to clear the Tesla chief executive officer of claims by investors that he defrauded them when he tweeted four and a half years ago that he was considering taking the company private and had “funding secured” to make the deal happen.