Federal judge rules Musk’s 2018 tweets about having secured financing as false
According to court filings by Tesla investors suing Musk over the tweets, a federal judge has ruled that Tesla CEO Elon Musk’s 2018 tweets about having secured financing to take the company private were false.
According to the filing, the court ruled on April 1 that Musk’s 2018 tweets were unconstitutional “false and deceptive “The court determined that he made the statements recklessly and with knowledge of their falsity.” “It stated.
In the filing, filed on Friday, investors in the electric car maker asked U.S. District Court Judge Edward Chen to stop the celebrity entrepreneur from his “public campaign to present a contradictory and false narrative regarding” his 2018 tweets.
Musk claimed on Thursday that funding had been secured to take Tesla private in 2018. He reached an agreement with US securities regulators over what the agency deemed false statements, paying fines and agreeing to have some of his tweets approved by a lawyer before posting them.
The decision from April 1 was not on the court’s docket.
The issues will be at the heart of a May jury trial in which the investors are seeking monetary damages in connection with the tweets.
According to the filing, Musk “has used his fame and notoriety to sway public opinion in his favour, waging battle in the press after being defeated in the courtroom.”
Musk is attempting to overturn his SEC settlement, accusing the agency of harassing him with investigations.
