More on Musk & Twitter

Twitter and Elon Musk continue to remain at the forefront of public attention as Musk’s relentless Twitter fingers have landed him in more legal trouble as he faces a court-action lawsuit from Tesla investors for his two tweets about taking Tesla private. In August 2018 Musk tweeted that he would buy back shares at 420$/share amidst Tesla’s production problems. This later resulted in a sharp rise in Tesla’s share price that subsequently came to a halt a week later when it was then found out that Musk in fact did not have the $72B in funding required to secure the buyout. As a result of his Twitter conduct, he was forced to step down as Tesla chairman and faced a 40M USD fine from the U.S. Securities and Exchange Commission. However, the legal battles continue and will likely be settled in February.

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