Tesla investors sue to stop Elon Musk’s ‘unchecked’ use of Twitter

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The SEC isn’t the only one concerned that Elon Musk may have crossed the line (again) with his tweets. A group of institutional investors has sued to stop Musk’s “unchecked use of Twitter” to make “repeated misstatements” they believe hurt Tesla and, of course, its shareholders. Musk allegedly violated his duties to investors when he tweeted that Tesla would make “around 500k” cars in 2019, and backers want permanent safeguards to be sure this doesn’t happen again. |

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This article and images were originally posted on [Engadget]. Credit to the original author and Engadget | ESIST.T>G>S Recommended Articles Of The Day

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