Tesla investor sues Elon Musk over his tweet

Tesla investor sues Elon Musk over his tweet

Tesla investor sues Elon Musk over his tweet
Investor David Wagner did not like the publication of Elon Musk on Twitter and his survey about the possible sale of Tesla shares.  Because of this, the company's shares fell in price.


According to Reuters, Wagner filed a lawsuit with the Delaware Clerical Court.  Musk's poll on Twitter about the sale of shares led to the fact that they fell in price by a quarter.  Now the investor intends to find out whether the actions of the Tesla founder violate the agreement with the US securities regulator.
It also raises the question of how well the board members performed their duties.
In particular, David Wagner is interested, whether the tweets on the sale of shares were approved in advance.  Elon Musk has already been sued over a similar lawsuit, due to the publication on the closure of the company.  Then, in 2018, Max agreed that Tesla's lawyers should check the information in tweets in case they are related to the company's activities.  The plaintiff believes that the billionaire continues to publish rash tweets, which exacerbates the market situation.  The investor wants Musk to be prevented from publishing whatever he wants in the future, since this seriously affects the shareholders.

We should remind our readers that Tesla shares reached record levels, but soon became cheaper by almost a quarter.  The reason for this was Elon Musk’s tweet about his desire to sell 10% of his stake.  As a result of the survey, users supported the idea of ​​the sale and Musk sold $ 14 billion in shares.

20.12.2021