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The verdict by the nine jurors was reached after less than two hours of deliberation following a three-week trial and represents a major vindication for Musk.
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The company has seen its share value drop sharply, and rivals are edging into the electric vehicle market. But after doubling its profits in a year, Tesla says it has no plans to slow down.
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Two tweets in 2018 led to a class-action lawsuit alleging Musk misled investors, pulling him into court for about a half hour to deliver sworn testimony in front of a nine-person jury.
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Musk has lost hundreds of billions of dollars in recent years, largely due to Tesla stock plummeting.
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The transformational automaker's market cap has dropped by a staggering amount over the past year. Blame new competition, sales that fell short of a lofty target — and a distracted CEO.
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Two adults and two children inside the vehicle survived the fall of 250-300 feet and the driver was arrested on charges of attempted murder and child abuse, the California Highway Patrol said.
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Tesla CEO Elon Musk looks to quell investors' fears of slowing demand as inflation puts a strain on the auto industry.
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Tesla aggressively embraced Bitcoin in 2021, investing $1.5 billion in the currency. But it now says its profitability was affected by "Bitcoin impairment."
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Musk says he will review and directly approve any requests for employees who wish to be exempt from the company's return-to-work policy, according to leaked emails reported by Electrek.
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Tesla shares dropped 12.2%, wiping out more than $125 billion off its market value, over worries about how it would be impacted as Elon Musk looks to complete his takeover of Twitter.