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

Getting in trouble for his social media usage again.

Automotive
11,947 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.

Read Full Article

What to Read Next

Tesla's Stock Takes a 15% Tumble Following Elon Musk's Tax Sell-Off
Tech 

Tesla's Stock Takes a 15% Tumble Following Elon Musk's Tax Sell-Off

Tesla is still up 42% YTD.

Elon Musk Sold Another $1 Billion in Tesla Shares
Tech 

Elon Musk Sold Another $1 Billion in Tesla Shares

Musk has sold a total of $9.85 billion USD in Tesla stock this month.

Elon Musk Announces Tesla AI Day
Automotive

Elon Musk Announces Tesla AI Day

Set to take place on August 19.


Elon Musk Claims Tesla Has Not Signed Deal With Hertz
Automotive

Elon Musk Claims Tesla Has Not Signed Deal With Hertz

Tesla’s stocks dipped after Musk tweeted the announcement.

Auxietre & Schmidt Are Selling a Track-Ready 1964 Shelby Cobra 289
Automotive

Auxietre & Schmidt Are Selling a Track-Ready 1964 Shelby Cobra 289

A classic racing legend.

UPDATE: EMI Sues Kanye West for Breach of Contract
Music

UPDATE: EMI Sues Kanye West for Breach of Contract

Phase two of the conglomerate’s legal plan.

The 'KAWS:HOLIDAY' Traveling Installation Is Landing in Hong Kong
Art

The 'KAWS:HOLIDAY' Traveling Installation Is Landing in Hong Kong

In time for Art Basel Hong Kong.

UPDATE: TAKAHIROMIYASHITA TheSoloist. Strips Back the Converse ERX 260
Footwear

UPDATE: TAKAHIROMIYASHITA TheSoloist. Strips Back the Converse ERX 260

Dropping early via a special NYC pop-up.

Off-White™'s New Cap Pays Homage to the 'Mona Lisa'
Fashion

Off-White™'s New Cap Pays Homage to the 'Mona Lisa'

Virgil celebrates Leonardo da Vinci’s Italian Renaissance masterpiece.


Apple Offers 10% Bonus Credit When You Add Funds to Your Apple ID
Tech

Apple Offers 10% Bonus Credit When You Add Funds to Your Apple ID

Valid for amounts ranging from $1 USD to $200 USD.

Drake Reveals Merch for "Assassination Vacation European Tour"
Fashion

Drake Reveals Merch for "Assassination Vacation European Tour"

Paying homage to ‘Austin Powers.’

Tesla's Model Y Teaser Comes With a Clever Easter Egg
Automotive

Tesla's Model Y Teaser Comes With a Clever Easter Egg

Elon is trolling again.

Nike Releases LeBron 16 in "SB Blue" as Tribute to the King's Basketball Prowess
Footwear

Nike Releases LeBron 16 in "SB Blue" as Tribute to the King's Basketball Prowess

All hail King James.

10 Carrying Options That Aren't Waist Bags
Fashion 

10 Carrying Options That Aren't Waist Bags

Featuring Balenciaga, Off-White™, Rick Owens, Raf Simons & more.

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Adblock Detected.

We charge advertisers instead of our readers. If you enjoy our content, please add us to your adblocker's whitelist. We'd really appreciated it.