The judge ruled that the tweet, which began in 2018, in which Elon Musk claimed he had enough funding to get Tesla out of the stock market was “false and misleading”.
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.
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.
Elon Musk has confirmed in the past that at the time he was in talks with the treasury of the wealth of Saudi Arabian rulers and that he was confident of the outcome of these talks. But no plan has ever been announced.
The decision has not been made public
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 that Elon Musk has launched a public campaign to “submit an opposing and false version” of the tweet in question, which could persuade judges in a case expected to take place in May. U.S. stock market police, believing that Elon Musk had not provided proof of his funding, 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.