According to CNN, the plaintiffs were several Tesla shareholders who, according to them, lost a significant part of their investment due to share price volatility after Elon Musk's tweet.
In court, the jury sided with Musk.
“Thank God, human wisdom has prevailed!
I am deeply grateful to the jury for the unanimous ruling of not guilty,” he said.
On November 8, Reuters reported that Musk's net worth fell below $200 billion due to fluctuations in Tesla shares amid the businessman's purchase of Twitter.
On December 14, Musk said that his purchase of Twitter would benefit Tesla shareholders.