Tesla investors say a judge found Elon Musk’s ‘funding secured’ tweet was misleading
According to those documents, US District Court Judge Edward Chen concluded at the start of the month that Musk had “recklessly made the statements with knowledge as to their falsity.” The investors involved in the class action suit have asked the court to block Musk from continuing his “public campaign to present a contradictory and false narrative” of the episode.
On Saturday, Musk’s attorney dismissed the claims made by the investors. “Nothing will ever change the truth which is that Elon Musk was considering taking Tesla private and could have,” he told. According to the outlet, damages from the lawsuit could amount to billions of dollars that would have to be paid out by Musk and Tesla. The case is currently set to go to trial on May 31st.
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