Tesla Inc boss Elon Musk emerged victorious on Friday from a closely watched defamation trial as a federal court jury swiftly rejected the $190 million claim brought against him by a British cave explorer who Musk had branded a “pedo guy” on Twitter.
Tesla Chief Executive Elon Musk was due to resume testifying in his own defence on Wednesday at the trial for a defamation lawsuit filed by a British diver whom the Silicon Valley billionaire called “pedo guy” on Twitter.
Tesla Inc’s launch of its futuristic Cybertruck pickup suffered a setback when its “armoured glass” windows shattered but it was the overall look of the car that worried Wall Street on Friday, sending the company’s shares down 6% on Friday.
The Air Force is using SpaceX’s fledgling satellite network to test encrypted internet services for a number of military planes, the space company’s president said, detailing results for the first customer of Elon Musk’s planned constellation of thousands of broadband-beaming satellites.
Tesla shares rose nearly 21% to $307.12 after hours on the unexpected news, crossing $300 for the first time since March 1 after record deliveries and cost cuts ensured a profitable third quarter.