ICYMI: Tesla and Elon Musk found not liable in trial over 2018 'funding secured' tweets — via drivingdotca IndustryNews Tesla
shareholders claimed Musk misled them when he tweeted on Aug. 7, 2018, that he was considering taking the company private at $420 per share, a premium of about 23 per cent to the prior day’s close, and had “funding secured.”The stock price soared after the tweets and then fell again after Aug. 17, 2018, as it became clear the buyout would not happen.
“This case ultimately is about whether rules that apply to everyone else should also apply to Elon Musk,” he said. Musk later testified that he believed he could have sold enough shares of his rocket company SpaceX to fund a buyout, and “felt funding was secured” with SpaceX stock alone.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elon Musk Ditched Tesla Stock Right Before Bad News DroppedTesla CEO Elon Musk sold almost $3.6 billion of his Tesla shares — just before the company revealed disappointing fourth-quarter results to investors.
Read more »
Elon Musk's Tesla turns to telecom veteran for top lawyerTesla Inc has hired Brandon Ehrhart from Dish Network Inc as its new legal chief, as the electric carmaker led by Elon Musk continues to shake up its legal department ranks and cycle through senior lawyers.
Read more »
Tesla drivers reveal best and worst parts of their cars, thoughts on Elon MuskInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »
I was a Tesla fan but I feel duped by Elon Musk's FSD claimsI was a Tesla fan but I feel like I've been duped by Elon Musk's self-driving claims. I'll never buy another Tesla again.
Read more »
Tesla stock prediction: Shares will soar 44% with Musk as new Steve JobsTesla stock will soar 44% as Elon Musk is the new Steve Jobs, veteran Wall Street analyst says
Read more »
Tesla Semi skepticism lingers months after Musk’s first deliveryIt remains unclear how much the Semi costs, or whether any other customers who ordered trucks from Tesla a half decade ago have managed to get their hands on them.
Read more »