Tesla is in the midst of defending itself in a significant volume of shareholder and other lawsuits. A federal judge decided in early April that Tesla and Musk have to face suit over his infamous $420 tweets. Shareholders claim that Tesla misled them when Musk said on Twitter in 2018 that he was considering taking Tesla private for $420 per share, and had secured funding for the transaction. Shares skyrocketed, trading was halted and volatility followed.
In January, all board directors of Tesla besides Elon Musk settled a shareholder lawsuit over the company's $2.6 billion acquisition of SolarCity in 2016. They paid $60 million for their part of the settlement. But Musk is due to stand trial as a last defendant against claims hea failing solar installer, which he co-founded and ran with his first cousins, Lyndon Rive and Peter Rive.
The tweet about Tesla's stock was among others from Musk in the morning. Musk also said he was "selling almost all physical possessions" and to give people back their freedom, presumably referring to shelter-in-place orders. He later shared lyrics to the Star Spangled Banner with his followers. Musk has been outspoken about the coronavirus pandemic, telling investors on the company's Wednesday earnings call that shelter-in-place orders are "Tesla did not respond to multiple requests for comment.
Source: News Formal (newsformal.com)
Starlink + bitcoin = world capitalist victory
He must be buzzed again!! Brilliance comes with a price🤔
You guys sure do have a hard on for this guy.
He's going full Nero with his fiddle. Damn.
Takes balls for a man to tell you 750 is too much after he dumped a bunch at 800 on you.
Expectedly. Tesla's investors right now. Please when the price reaches $440, someone should give me a nudge.
He seems to be asking for it. Third strike and he may be out or on his way...
Obviously, cabin fever and he has gone ... ElonMuskDay
He hates regulations 🤡🤡🤡
Not a sec problem. How come CEOs are allowed to say their stock is cheap but not allowed to say it’s expensive?
The man may be smart intellectually but lacks understanding of the real world
He is live on youtube, clearly hacked.
From the desk of Elon Musk
Acct has been comprised.
He has gone Crazy!
Life Stinks (1991) - Molly's Nervous Breakdown Scene (5/11) | Movieclips - YouTube
They really put the hammer down last time yeah? Slappy slappy on the wrist
Oh come on. The market and Tesla stocked have been selling off since yesterday’s consumer spending and unemployment claims we’re released.
PT $420, funding secured.
I'm a Tesla shareholder. If Elon wasn't hacked, I think he should go to prison. This is some serious form of market manipulation. Not all people are billionaires. This tweet was devastating for my account and is devastating to my mental health!
📺 FastMoney
Bet he loves Doge Token.
elonmusk is starting to lose me after his MAGA-esque lIbErAtE tweet from a couple days ago. Good thing the Hummer EV and Rivian's are coming soon.
Hacked acc prob
He's obviously learned his lesson.
NOT A FAN of this dude and now i feel sorry for shareholders . NOT INVESTED in this stock and now i would not touch it.
Alibaba Jay don't care
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