Tesla Inc and its Chief Executive Elon Musk were sued on Monday by shareholders who accused them of overstating the effectiveness and safety of their electric vehicles.
Tag: Tesla lawsuit
Tesla Investor Sues Elon Musk, Board Over His ‘Erratic Tweets’
Elon Musk and the Tesla board are facing a lawsuit from an investor who alleged some of Musk’s comments on Twitter violated a settlement with the Securities and Exchange Commission meant to temper his communications. Musk’s tweets have cost the electric-vehicle company “billions of dollars in market capitalization” and breached an agreement with the SEC,… Continue reading Tesla Investor Sues Elon Musk, Board Over His ‘Erratic Tweets’