Elon Musk's 'funding secured' tweet cost investors $12 billion over 10 days, jury reportedly told

• Elon Musk's "funding secured" tweet cost Tesla investors $12 billion in just 10 days, a jury was told per Bloomberg.
• Michael Hartzmark of Forensic Economics said investors who took both long and short positions were burned.
• Musk is being sued after indicating in 2018 that he had funding in place to take Tesla private at $420 a share.

The "funding secured" tweet at the center of a lawsuit against Elon Musk cost Tesla investors $12 billion in the space of 10 days, a jury was reportedly told.