A court filing out Friday suggests a judge ruled that CEO Elon Musk knowingly made false statements when he tweeted about a take-private deal for Tesla in 2018.
Highlights
- Court filing suggests a judge ruled that Tesla CEO Elon Musk knowingly made false statements about a take-private deal for Tesla in 2018.
- The shareholders are suing Tesla over money they lost after Musk tweeted in 2018 that he was considering taking his electric vehicle company private at $420 per share and said he had funding secured to do so.
- Musk is currently the richest person in the world on paper, and is trying to acquire Twitter, his social media platform of choice, and take it private for around $43 billion.
- A trial date is currently set for May 31, 2022, in a San Francisco federal court, but that could change in the future.