Investors accuse Tesla Elon musk for fraud

Investors sued the company and its Tesla head Elon musk (Elon Musk), blaming the development and implementation of the fraudulent scheme on the stock exchange. Last Friday in San Francisco were filed just two lawsuits on this topic.

As a key element of the accusatory article about the privatization of the company that Elon Musk posted on Twitter last Tuesday. Musk wrote that he sees the possibility of redemption of shares of the company at a price of $ 420 per share. He also noted that it found “reliable” source of funding for the transaction a total value of $ 72 billion.

In one of the suits, the plaintiff calls tweet the Mask is false and misleading, and in combination with the lack of comments from the Tesla likened to “nuclear attack” designed to “complete destruction” of the exchange of players for a fall. In the second lawsuit alleges that Tesla and Musk artificially inflated the company’s stock price in violation of Federal securities laws.


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