The judge concluded that no reasonable investor could have relied on Musk's tweets for investment decisions, and thus, the claims of securities fraud were unfounded Teslarati  and Yahoo Finance Canada  and Cointelegraph

On Thursday, a U.S. federal judge ruled to dismiss a class action lawsuit that accused Elon Musk and Tesla of manipulating the market through enthusiastic public endorsements of Dogecoin. The plaintiffs, representing investors who alleged financial losses from Musk's social media comments over recent years, had initially sought $86 billion in damages. This amount could have tripled to $258 billion with additional claims.