A federal judge ruled that Tesla CEO Elon Musk's 2018 tweets about having secured financing to take the company private were false, according to court filings by Tesla investors suing the billionaire over the tweets
Musk "has used his fame and notoriety to sway public opinion in his favor, waging battle in the press having been defeated in the courtroom," the filing said.
Musk’s latest comments risk confusing potential jurors and prejudicing a jury decision on the amount of damages owed by Musk, it said. Musk is trying to nullify his settlement with the SEC, accusing the agency of harassing him with investigations. Alex Spiro, a lawyer for Musk and Tesla, on Saturday again asserted that it was true that Musk was considering taking Tesla private in 2018 and had financing for that move. “All that’s left some half decade later is random plaintiffs’ lawyers trying to make a buck and others trying to block that truth from coming to light, all to the detriment of free speech,” he said.
The case is In re Tesla Inc Securities Litigation, U.S. District Court, Northern District of California, No. 18-04865.Reporting by Hyunjoo Jin; Editing by Cynthia OstermanSubscribe to our auto newsletter to get the latest news that are driving the global automotive industry.
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