A controversial tweet from Elon Musk about Tesla being considered “false and misleading” by the judge, investors say.

A controversial tweet from Elon Musk about Tesla being considered “false and misleading” by the judge, investors say.


Twitter leading. While Elon Musk has been trying for days to buy the popular social network, the tweet that the richest man in the world claimed in 2018 to have enough funding to get Tesla out of the Stock Market has been considered “false and misleading” by. judge, according to a document submitted by investors who filed a complaint against the group. The investors filed a lawsuit against the car manufacturer and Elon Musk, accusing them of wasting money after the publication of this tweet which caused the stock to plummet for a few days.

They allege in a document submitted Friday and consulting on Saturday with AFP that the presiding judge ordered Elon Musk to stop publicly proving that he had “received funding” to remove the group from the Stock Exchange. $ 420 per share. , as he did again at a meeting on Thursday.

Mr Musk has confirmed in the past that at the time he was in talks with the wealthy rulers of Saudi Arabia and that he was confident of the outcome of the talks. But no plan has ever been announced.

a $ 20 million fine

According to a document submitted by the investors, the judge recently concluded, with an anonymous decision, that “these Musk allegations were false and misleading and that Musk made these false statements carelessly and with full awareness of the fact that he ‘represented’ wrong. his tweets’.

The plaintiffs believe Musk launched a public campaign to “submit an opposing and false version” of the relevant tweet, which could persuade participants in a trial expected in May. Police on the US stock market, believing that Mr. Musk had not given proof of his funding, he had also filed a complaint at the time.

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The regulator then forced him to hand over the chairmanship of Tesla’s board of directors, pay a $ 20 million fine and later demanded that his tweets directly related to Tesla’s activities be approved in advance by a competent attorney. Elon Musk opposed the latest move in court in early March.



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