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Reuters Joe Skipper
An investor in US electric car company “Tesla” has taken legal action against company founder Elon Musk and his board of directors over Musk’s tweets on “Twitter.”
The plaintiff argued that Musk’s actions and the failure of the “Tesla” administration to ensure compliance with the requirements of the United States Securities and Exchange Commission caused serious damage to the company and resulted in losses of money. billions of dollars.
Investor Elon Musk was accused of violating the terms of the agreement with the aforementioned authority, which was signed in 2018, and was posting tweets about the company’s work without prior coordination with management. .
Musk had previously been the subject of lawsuits for his tweets that led to fluctuations in the price of Tesla shares, of which he owns the largest share.
And the U.S. Securities and Exchange Commission fined Musk and Tesla $ 20 million in return for dropping the lawsuit and agreeing to coordinate the posting of sensitive information to shareholders on social media with the ‘authority.
Source: Bloomberg
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