News Stocks 

Lawsuits accuse Tesla’s Musk of fraud over tweets, going-private proposal

“The lawsuits filed by Isaacs and William Chamberlain said Musk’s and Tesla’s conduct artificially inflated Tesla’s stock price and violated federal securities laws” writes unknown author for cnbc.com. Musk’s Aug. 7 tweets helped push Tesla’s stock price more than 13 percent above the prior day’s close.According to his complaint, Isaacs bought 3,000 Tesla shares on Aug. 8 to cover his short position.
 
Source: cnbc.com



Share This:

Related posts