Titanium Media App April 17 news, according to reports, on April 17, Tesla shareholders filed a class-action lawsuit against Musk for his tweets about taking Tesla private in 2018, and won a key ruling. , which could result in billions of dollars in damages for Tesla and Musk. Prosecutors argue that Tesla’s stock price has fluctuated sharply because of Musk’s “fake tweets,” causing investor damage. "No reasonable jury would find Musk's Aug. 7, 2018 tweet to be accurate or not misleading," said the presiding judge in the case, Edward M. Chen, according to court documents released by Tesla shareholders. . Edward M. Chen ruled that Musk knowingly committed the crime. Media reports said that if Musk did not appeal the ruling, it would put him at a disadvantage in a jury trial at the end of May. (Source: China Securities Journal)
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- 2022-04-16Musk sentenced to false privatization tweet, or to pay shareholders billions of dollars
- 2021-06-01 SEC: Musk’s tweets violated court orders twice, Tesla’s oversight was weak
- 2021-03-26 Musk: Tesla has a chance to surpass Apple to become the world’s largest company
- 2021-03-13 Musk was sued by a shareholder for tweets that caused the company’s stock price to fluctuate
- 2020-12-25 Musk: If Starlink’s revenue growth can be expected, it is likely to go public
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