Stocks

Elon Musk is being sued over his ‘funding secured’ tweet. Here’s what you need to know

Musk, Tesla and other Tesla directors are facing a shareholder lawsuit over his now-infamous 2018 tweet, which said that he was thinking about taking Tesla private at a price of $420 a share. If he had ended the tweet right there, there wouldn’t still be coverage of it, or a lawsuit that seeks unspecified damages.

Original article: https://www.cnn.com/2023/01/17/investing/elon-musk-federal-lawsuit

Categories
StocksTechnologyU.S. Government