Tesla CEO Elon Musk was cleared of all charges in a securities fraud trial in a San Francisco federal court on Friday. The case was brought by Tesla shareholders who alleged that Musk had misled investors with a series of tweets in August 2018, in which he claimed he had "funding secured" to take the automaker private for $420 per share. The jury found that Musk had not intended to commit fraud and that he had not acted with intent to deceive investors. In his defense, Musk argued that the tweets were meant to be “aspirational” rather than a guarantee that the privatization of Tesla was a done deal. The jury agreed and found that Musk had acted in good faith and without any intent to deceive investors. The case had been closely watched by the business world, as it could have had serious implications for Musk and his ability to continue leading Tesla. The decision is a major victory for Musk and his legal team, who had argued that the tweets were not meant to be taken literally and that Musk had acted in good faith. The case has been seen as a test of how far the Securities and Exchange Commission is willing to go in holding executives accountable for their public statements. The decision is likely to be welcomed by investors, who can now rest assured that Musk’s tweets were not intentionally misleading.