Tesla must face shareholder lawsuit over Musk's going-private tweet

U.S. District Judge Edward Chen ruled on Wednesday that shareholders could try to prove Musk’s tweet was the “proximate cause” of volatility in Tesla’s stock price, causing billions of dollars of alleged losses that prompted the lawsuit. It was later established that he had not lined up funding, and Musk backed down from the going-private offer. …read more

Source:: Yahoo Finance

Get our FREE Newsletter! Discover Stocks with +1,000% Upside Potential!
Join over 100,000 investors and business leaders worldwide. Discover the Next Super Stock before the rest of the crowd.
Your privacy is our priority. Your email address will never be sold or shared with anyone else.