The reason is that Musk’s tweet exposed him to the risk of lost investment.
Reuters reported on the 12th (local time) that an investor who did not disclose his identity has filed a complaint with the Delaware court in the United States.
In the complaint, the accuser said, “Musk tweeted that Tesla’s stock price was too high on May 1 of last year, leaving shareholders exposed to billions of dollars in losses due to a’variable’ tweet that affects the stock price.”
The complainant also said that Tesla’s board of directors should also review Musk’s tweets in accordance with an agreement with the US Securities and Exchange Commission (SEC), but it did not implement them properly.
In fact, in a tweet from Musk in May of last year, the complainant criticized that “Tesla’s market capitalization of 14 billion dollars flew away in one day,” and that this caused considerable damage to investors.
[이상규 매경닷컴 기자 [email protected]]
FILE PHOTO: SpaceX founder Elon Musk reacts at a post-launch news conference after the SpaceX Falcon 9 rocket, carrying the Crew Dragon spacecraft, lifted off on an uncrewed test flight to the International Space Station from the Kennedy Space Center in Cape Canaveral, Florida , US, March 2, 2019.REUTERS/Mike Blake/File Photo
FILE PHOTO: SpaceX founder and chief engineer Elon Musk looks at his mobile phone during a post-launch news conference to discuss the SpaceX Crew Dragon astronaut capsule in-flight abort test at the Kennedy Space Center in Cape Canaveral, Florida, US January 19, 2020.REUTERS/Steve Nesius/File Photo
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