The investor decided to sue Elon Musk because of the “messy” tweets

Tesla investor decided to sue the founder of the company Elon Musk because of his “promiscuous” posts on the social network Twitter. Bloomberg reports this with reference to the statement of claim.

According to the plaintiff, Musk’s tweets expose the company to potential billions of dollars in losses. In addition, they violate the 2018 agreement with the US Securities and Exchange Commission. According to him, an entrepreneur must first coordinate his activity in social networks.

The complaint emphasizes that this behavior of the Tesla founder drowns out the voices of those in the company who should confront him and “protect” investors. In the future, this may seriously affect the financing of the company, the plaintiff is sure. He expressed the opinion that the company’s board of directors cannot curb Musk’s behavior on the Internet, despite repeated violations of the agreement with the authorities.

Tesla lost a third of its value in March for the third time in a year. The company’s market capitalization plummeted by nearly $ 300 billion to $ 550 billion.

Tesla founder Elon Musk lost his status as the richest man in the world on February 23. His fortune fell by $ 15 billion per day. The reason for this could be the comment of the entrepreneur about the price of bitcoin. He expressed the opinion that prices for cryptocurrencies are at an inflated level. At the same time, two weeks before publication, Tesla announced that it had acquired bitcoins in the amount of $ 1.5 billion.

Alexandra Maksimchenko

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