Lawsuits accuse Tesla’s Musk of fraud over tweets, going-private proposal
#TIA – The future-bound Elon Musk is finding that he’s having a lot more problems in the present
“Tesla Inc and Chief Executive Elon Musk were sued twice on Friday by investors who said they fraudulently engineered a scheme to squeeze short-sellers, including through Musk’s proposal to take the electric car company private.
The lawsuits were filed three days after Musk stunned investors by announcing on Twitter that he might take Tesla private in a record $72 billion transaction that valued the company at $420 per share, and that “funding” had been “secured.””
Read more at Reuters