A Manhattan federal judge, Alvin Hellerstein, made this ruling on Thursday evening. Investors claimed that Musk profited by controlling DOGE wallets through channels such as Twitter posts and TV appearances, leading to billions of dollars in losses for investors. Furthermore, they pointed out that Musk described DOGE as Earth’s future currency in his tweets, even predicting its use for purchasing Tesla cars or sending them into space, thereby inflating prices and leaving investors to bear the risk. However, Hellerstein deemed these tweets as idealized and exaggerated, not considered factual or easily verifiable, and thus not suitable as the foundation for securities fraud litigation. The judge rejected the lawsuit based on bias reasons, meaning the case cannot be revived. Initially, the investors sought compensation of up to $258 billion and had to revise their complaint filings multiple times within two years. Musk’s lawyers argued that his tweets were “harmless and often foolish,” not constituting an issue, while emphasizing the lack of evidence proving that Musk or Tesla engaged in suspicious transactions or sold DOGE.