Musk Appeals Ruling That Upheld Securities Fraud Settlement

Musk Appeals Ruling That Upheld Securities Fraud Settlement
Tesla CEO Elon Musk is pictured as he attends the start of the production at Tesla's "Gigafactory" in Gruenheide, southeast of Berlin on March 22, 2022. Patrick Pleul/Pool/AFP via Getty Images
|Updated:
0:00

DETROIT—Tesla CEO Elon Musk is appealing a federal court ruling that upheld a securities fraud settlement over Musk’s tweets claiming that he had the funding to take Tesla private in 2018.

Musk’s lawyer Alex Spiro filed a notice of appeal Wednesday with the federal appeals court in Manhattan. No grounds were stated, and a full filing with the Second Circuit Court of Appeals is expected later.