Tesla investors say a judge found Elon Musk’s ‘funding secured’ tweet was misleading
In court documents filed late Friday, a group of Tesla shareholders said a federal judge recently ruled Elon Musk made “false and misleading” statements in 2018 when he said he was considering taking the company private at $420 per share, reports Reuters. Musk’s now-infamous “funding secured” tweet landed the executive in trouble with the US Securities and Exchange Commission, eventually leading to a $40 million settlement with the agency that he’s now trying to end.
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