How Musk's Tweet About Taking Tesla Private Almost Came Back to Haunt the SEC

Musk tweeted that he was considering taking Tesla private at $420, funding secured. Within hours, the stock price jumped by over 6%. But guess what? The deal never happened and the stock went down instead. People who believed Musk and bought shares were deceived. They lost money. So the SEC sued him. And investors in Tesla also sued him. One allegation was that Musk's tweet were reckless. Not in front of a judge, but before a jury. Now a jury in the US is just a hodgepodge of regular folks like you and me. It doesn't have legal or financial expertise. But they listen to what the lawyers argue and then pass their own judgment. Maybe