The CEO and the SEC settled the matter. Musk had to agree

 The CEO and the SEC settled the matter. Musk had to agree

 to step down as the chairman of Tesla's board. Moreover, Tesla and the CEO each had to pay a $20 million fine. Due to the way in which Musk handled the payment of the fines, he ended up making money as Tesla's stock price climbed. Musk also had to agree to a "Twitter sitter," meaning he couldn't send out "material" tweets without having them approved by someone else first.

Musk has had to wait over four years to resolve the situation, and he seemed to go into the case with plenty of confidence. The CEO has said all along that he did, in fact, have the funding secured. He continued to claim that the investors that who promised the funds later backed out. 

With all of that said, the jury in the recent case unanimously agreed that Musk was not liable for the investors' loss of money. Needless to say, Musk seemed thrilled with the verdict.