Since his arrival as CEO of Twitter, Elon Musk has generated countless criticisms due to his measures in command of the social network. Annoyance that comes not only from the users of the platform, but also from advertisers who have started from Twitter, leading to the tycoon having to hire himself to advertise SpaceX on the site.
You can read: Elon Musk breaks the world record for the largest loss of fortune in history registering a drop of approximately $200 billion dollars
Controversy on Twitter that is not new, since Musk has been an active user of the social network for a long time, where he has published tweets that have now led him to face a trial that according to some experts, he could lose. This is a class action filed by a group of investors, who accuse Elon Musk of having declared fraudulent data for his own benefit. Civil trial that would last about 10 days and that has its jury selection scheduled for Tuesday, January 17, in the District Court of Northern California, in the USA.
As indicated, the current CEO of Twitter posted a tweet on August 7, 2018 That hurt these investors, since in this publication he said that he had obtained financing to take Tesla private at $420 a share. Something that the plaintiffs indicate in a document that was totally false, resulting in “investors losing billions of dollars from August 7, 2018 to August 17, 2018.”
“These damages include losses resulting from the effect on Tesla’s stock prices immediately following the August 7, 2018 tweets, which were later corrected from August 8, 2018 to August 17, 2018 when investors became aware of the falsehood of the tweets. Without the fraudulent statements by Musk and Tesla, Tesla investors would not have suffered these losses,” the document states.
I judge that a law professor named Robert Miller, who spoke with the Ars Technica medium (via El Chapuzas Informático), “Elon is going to lose, and he is going to lose by a significant amount” and we just need to know “how much exactly are we talking about” . The figure that could be advanced will be quite high, since Elon Musk himself said in his presentation that the plaintiff asks him for $66.67 in damages per action.
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