'Funding Secured' Shareholder Class Action — Jury Verdict
Summary
Investors sued Musk and Tesla directors claiming the 2018 'funding secured' tweets caused losses. The case went to a federal jury in San Francisco, where Musk testified he believed he had a handshake agreement with Saudi Arabia's PIF.
Outcome
Favorable: a nine-person jury found Musk and the board NOT liable, deliberating less than two hours.
Cite this page
Reviewed Jun 10, 2026ElonFacts.org. (2026). 'Funding Secured' Shareholder Class Action — Jury Verdict. Retrieved from https://elonfacts.org/record/funding-secured-shareholder-verdict
"'Funding Secured' Shareholder Class Action — Jury Verdict." ElonFacts.org, Jun 10, 2026, https://elonfacts.org/record/funding-secured-shareholder-verdict.
@misc{elonfacts-record-funding-secured-shareholder-verdict, title={'Funding Secured' Shareholder Class Action — Jury Verdict}, author={{ElonFacts.org}}, year={2026}, url={https://elonfacts.org/record/funding-secured-shareholder-verdict}}
https://elonfacts.org/record/funding-secured-shareholder-verdict