A federal jury deliberates over whether Elon Musk misled shareholders by claiming Twitter had excessive fake accounts. Lawyer Mark Molumphy argues Musk defrauded shareholders by lowering the stock price. Michael Lifrak counters that Musk's concerns about bots were genuine. The case centers on Musk's tweets in May 2022 questioning the bot percentage. Musk now owns X, formerly Twitter.
Musk has faced multiple courtroom battles, including a 2023 Tesla trial he won. Forbes estimates Musk’s net worth at $836.4 billion. His companies SpaceX and xAI, now merged, are valued at $1.25 trillion. The verdict is pending.
The trial began on March 2 and may conclude this week.