Elon Musk Faces Legal Challenge Over Claim That His Tesla Financing Tweet Was True

Elon Musk Faces Legal Challenge Over Claim That His Tesla Financing Tweet Was True
Elon Musk, founder and chief engineer of SpaceX, speaks at the 2020 Satellite Conference and Exhibition in Washington on March 9, 2020. Win McNamee/Getty Images
Benzinga
Updated:

Tesla Inc. CEO Elon Musk may soon be heading for a courtroom battle with company shareholders who claim that they have lost billions of dollars because of Musk’s 2018 tweet on taking Tesla private.

A ruling in favor of the shareholders would allow them to focus at trial solely on connecting Musk’s allegedly false statement to their stock market loss.