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BBCNEWS BBC News June 4, 2024 04:18:00

To two tweets that elon musk put out, saying that he had reason to believe that he could acquire tesla, float it, basically, acquire it privately, and that funding had been secured for that. $70 billion in funding that was necessary. those two tweets caused the share price of the company to soar, only for it to plummet ten days later, when it became clear that funding had, indeed, not been secured. now, that group of shareholders are suing elon musk and other former and current directors of tesla for undisclosed damaged, claiming that basically they committed fraud in share price manipulation. so what we have here is elon musk being sued by his investors for remarks that he made on a social media platform that he himself later ....

Elon Musk , Put Out , Share Price , Float It , 70 Billion , 0 Billion , Share Price Manipulation , Social Media Platform ,