“False and misleading”.  Investors attack Tesla after a tweet from Elon Musk.

“False and misleading”. Investors attack Tesla after a tweet from Elon Musk.


The tweet in which Elon Musk claimed in 2018 to have enough funding to get Tesla out of the stock market appeared to be “false and misleading” by the judge, according to a document submitted by investors who filed a complaint against the group.

Elon Musk in Washington on April 14, 2022

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 on Friday and consulted 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. to participate, 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.

According to a document submitted by investors, the judge recently concluded, with an anonymous decision, that “these Musk allegations were false and misleading and that Musk made these false statements without regard and with full awareness of the fact that he ‘misrepresented 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 to take place 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.

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, who is currently hoping to buy Twitter, opposed the latest move in court in early March.

Elon Musk in Washington on April 14, 2022

AFP





Source link