Musk Gets No-Fraud Jury Verdict Upheld in Suit Over Tesla Tweets

Tesla Inc. investors Wednesday lost an appeal seeking a new trial over CEO Elon Musk ‘s 2018 tweets about taking the company private.

The US Court of Appeals for the Ninth Circuit affirmed a jury verdict finding that the posts—including one stating, “Funding secured"—fell short of securities fraud. A second tweet read, “Investor support is confirmed. Only reason why this is not certain is that it’s contingent on a shareholder vote.”

“We conclude that there was no instructional error warranting a new trial,” the appeals court said in an unsigned, unpublished opinion issued on the heels of the Oct. 25 ...