Group of over 3,000 Tesla shareholders set for $12,000 payout over Elon Musk's 'funding secured' tweet
Musk's "funding secured" tweet will result in payouts of more than $12,000, if the SEC has its way.
Stay updated with breaking news from Michael Hartzmark. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Musk's "funding secured" tweet will result in payouts of more than $12,000, if the SEC has its way.
A jury found the Tesla CEO not liable in a shareholder lawsuit, but the case revealed a lot about Musk’s refusal to back down.
By Jody Godoy and Hyunjoo Jin SAN FRANCISCO (Reuters) -Elon Musk's liability for tweeting in 2018 about financing for a buyout of Tesla Inc is now in a jury's hands, after a shareholder lawyer said
Michael Hartzmark of Forensic Economics says investors with both short and long positions were burned by Musk's tweet and its aftermath.
SAN FRANCISCO (AP) -- An Elon Musk tweet declaring he had the financing to take Tesla private in 2018 caused billions of dollars in investor damages after