Tesla Faces Investor Lawsuit Over Musk Tweets on 10 Percent Stock Sales

Tesla Faces Investor Lawsuit Over Musk Tweets on 10 Percent Stock Sales
Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai on Jan. 7, 2019. Aly Song/Reuters
Reuters
Updated:

San Francisco—Tesla Inc. was hit by a lawsuit over CEO Elon Musk’s social media posts including his Twitter poll on stock sales that pulled down its stock prices.

Tesla investor David Wagner called for access to internal documents to investigate whether Tesla and Musk violated an agreement with the U.S. securities regulator and its board members failed to adhere to their fiduciary duties.