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U.S. District Judge Edward Chen ruled on Wednesday that shareholders could try to prove Musk intended to defraud them with his Aug. 7, 2018 tweet and follow-up messages about plans for his Palo Alto, California-based company. The judge said shareholders could also try to prove Musk's tweet was the "proximate cause" of volatility in Tesla's stock price that caused billions of dollars of losses. Tesla did not immediately respond to requests for comment.
Continue reading Tesla, Elon Musk must face shareholder lawsuit over going-private tweet
Tesla, Elon Musk must face shareholder lawsuit over going-private tweet originally appeared on
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Tesla, Elon Musk must face shareholder lawsuit over going-private tweet
