Saturday, 13 Mar 2021 07:59 AM MYT
According to a complaint unsealed late Thursday in Delaware Chancery Court, which also names the electric car company’s board as defendants, Musk’s erratic tweets and the failure of Tesla directors to ensure he complied with the SEC settlement have exposed shareholders to billions of dollars of losses. Reuters pic
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SAN FRANCISCO, March 13 Tesla Inc Chief Executive Elon Musk has been sued by a shareholder who accused him of violating his 2018 settlement with the US Securities and Exchange Commission over his Twitter use.
Tesla investor sues Musk over erratic tweets, failure in ensuring compliance
The complaint highlighted several Musk posts on social media platform Twitter, including his assessment last May 1 that Tesla s stock price was too high, prompting a more than $13 billion tumble in Tesla s market value
Reuters | March 13, 2021 | Updated 08:11 IST
Tesla Inc Chief Executive Elon Musk
Tesla Inc Chief Executive Elon Musk has been sued by a shareholder who accused him of violating his 2018 settlement with the US Securities and Exchange Commission over his Twitter use.
According to a complaint unsealed late Thursday in Delaware Chancery Court, which also names the electric car company s board as defendants, Musk s erratic tweets and the failure of Tesla directors to ensure he complied with the SEC settlement have exposed shareholders to billions of dollars of losses.
Tesla CEO Elon Musk has been sued by a shareholder who accused him of violating his 2018 settlement with the US Securities and Exchange Commission over his Twitter use.
According to a complaint, Elon Musk s "erratic" tweets and the failure of Tesla directors to ensure he complied with the Securities and Exchange Commission settlement have exposed shareholders to billions of dollars of losses.