text: Between August 10, 2018 and September 6, 2018, nine purported stockholder class actions were filed against Tesla and 
  
  Elon Musk in connection with Mr. Musk’s August 7, 2018 Twitter post that he was considering taking Tesla private. On 
  January 16, 2019, Plaintiffs filed their consolidated complaint in the United States District Court for the Northern District of 
  California and added as defendants the members of Tesla’s board of directors. The consolidated complaint asserts claims for 
  violations of the federal securities laws and seeks unspecified damages and other relief. The parties stipulated to certification of 
  a class of stockholders, which the court granted on November 25, 2020. Trial started on January 17, 2023, and on February 3, 
  2023, a jury rendered a verdict in favor of the defendants on all counts. After trial, plaintiffs filed a motion for judgment as a 
  matter of law and a motion for new trial, which the Court denied and judgement was entered in favor of defendants on July 11, 
  2023. On July 14, 2023, plaintiffs filed a notice of appeal. The appeal, which is pending in the United States Court of Appeals 
  for the Ninth Circuit, has been fully briefed by the parties, and is scheduled for oral argument on October 25, 2024. 