Elon Musk Sued by Tesla Investors For "500K Cars" Tweet

Getting in trouble for his social media usage again.

By
Automotive
11,921 Hypes 6 Comments

Elon Musk’s Twitter has just landed him in more hot water. According to reports, Tesla’s very own institutional investors are taking legal action to maintain the CEO’s social media activity.

Filed in Delaware Chancery Court, the new lawsuit aims to prevent Musk’s “unchecked use of Twitter to make inaccurate statements about the company.” A statement made by an attorney for the Laborers’ District council reads, “Mr. Musk has continually disregarded all efforts to rein in his material misstatements on social media.”

This follows his most recent information mishap on the platform when Musk estimated Tesla’s 2019 production number to be at half a million. The U.S. Securities and Exchange Commission argues that this misleading Tweet violates terms of its agreement, and now Musk is required to appear before a federal judge to plead his case.

In case you missed it, Tesla dropped an easter egg in its latest Model Y teaser.

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Source
Bloomberg

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