The lawsuit seeks damages for shareholders who bought or soldstock in the days after Musk’s tweets on 7 August 2018. The shareholders have not specified the damages, but said Musk’s tweets cost investors “billions”.
Musk’s tweet also attracted the attention of securities regulators, who concluded that it was improper and that he was lying. In a settlement, they forced him toSince then, Musk has become even more controversial with his purchase of Twitter and the subsequent revamping of the social media site’s posting rules, shutdown of its headquarters and dismissals of many of its employees.
“I think he’s a little off his rocker, on a personal level,” said one juror, referring to Musk’s management of Twitter, which he took over in October. Panelists were asked ahead of time about their opinions of Musk and whether they own a Tesla vehicle.