Jury finds Elon Musk didn't defraud investors

Photo by: Elon Musk - Twitter
Photo by: Elon Musk - Twitter

(Sacramento, CA) -- Elon Musk is being found not liable for costing investors millions when he made claims about privatizing his electric vehicles.

Musk previously issued a series of tweets telling people he'd "secured" funding to turn Tesla into a privately traded company.

Three weeks later, Musk scrapped the proposal, but fluctuating share prices during the ordeal cost investors millions, if not billions, of dollars.

On Friday, a California jury ruled Musk was not liable for investors losing money.