Elon Musk’s Tesla Tweets Could Cost Him Billions More — in Court
Losing a class-activity instance of this size could place Musk on the snare for harms in the billions of dollars.
It took two or three tweets to dive Elon Musk into the slough of a protections extortion preliminary that could cost him billions of dollars from his quickly lessening fortune.
The Tesla Inc. CEO is set to be the star observer at a jury preliminary that begins Tuesday in San Francisco government court over his scandalous tweets/quite a while back about an arrangement to take the electric-vehicle producer private with "subsidizing got."
Legal counselors for the investors will attempt to show hearers that Musk lied in the explanation, and that it caused them profound misfortunes from wild stock cost swings more than a 10-day time frame before the arrangement was deserted. Musk's protection group will attempt to destroy that account.