Elon Musk Wins Jury Verdict in Defamation Case
Tech mogul Elon Musk has won a jury verdict in his defamation case against British cave explorer Vernon Unsworth after being accused of calling him "pedo guy" on Twitter back in 2018. The verdict is seen as a major victory for both Musk and Tesla Inc., whose stock rose 3% following the announcement of the decision.
Feb. 03, 2023 11:49PM
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After a long and hard-fought battle, tech mogul Elon Musk has won a jury verdict in his defamation case against British cave explorer Vernon Unsworth. The jury found that Musk's comments about Unsworth were not defamatory, meaning he will not be held liable for damages. The case began when Unsworth sued Musk after the tech billionaire called him "pedo guy" on Twitter. The comment was made after Unsworth criticized Musk's efforts to help rescue a Thai soccer team from a flooded cave in 2018. Musk argued that his statement was simply an insult and not meant to be taken literally. He also noted that he had apologized for the tweet shortly after it was posted, which seemed to have swayed the jury in his favor. The jury's decision is being seen as a victory for both Musk and Tesla Inc., of which he is CEO and chairman. Many investors feared that if Musk lost the case, it could have had serious financial implications for Tesla stock (TSLA). Fortunately, those fears were put to rest with the verdict today. In response to the news, shares of Tesla rose more than 3% on Wednesday afternoon following the announcement of the verdict. This marks yet another win for Elon Musk who continues to prove himself as one of the most influential figures in modern technology and business today.