Investor losses were calculated as high as $12bn, according to an economist hired by the shareholders.The US Securities and Exchange Commission (SEC) sued Mr Musk over his tweets, accusing him of lying to investors. Mr Musk agreed to step aside as Tesla board chairman and settled for $20m.During the three-week trial, Mr Musk - who also leads SpaceX and Twitter - had argued he thought he had a verbal commitment from Saudi Arabia's sovereign wealth fund for the deal.

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