Security

Tesla is already facing its first lawsuit over Musk's buyout tweets

2 monthes ago   |   By Ars Technica

Enlarge / Elon Musk in 2016.
Three days after Elon Musk tweeted that he had "funding secured" to take Tesla private, we still don't know who, if anyone, has agreed to provide the billions of dollars needed to buy out the company. But plaintiffs' lawyers aren't waiting any longer for Musk to provide more details.
On Friday, stock trader Kalman Isaacs filed a class action lawsuit arguing that Musk's Tuesday tweets constituted securities fraud. The lawsuit , first reported by Reuters , appears to be the first one claiming that Musk's Tuesday tweets violated federal securities law.
At the...
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