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 court filings by Tesla investors suing the billionaire over the tweets.
The filing said that the court ruled April 1 that Musk’s 2018 tweets were “false and misleading.” The court “held that he recklessly made the statements with knowledge as to their falsity,” it said.
Alex Spiro, a lawyer for Musk and Tesla, on Saturday again asserted that it was true that Musk was considering taking Tesla private in 2018 and had financing for that move.
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— Reuters (@Reuters) April 17, 2022
Tesla CEO Elon Musk stepped up criticism of the U.S. securities regulator, calling Securities and Exchange Commission officials “bastards” for bringing fraud charges against him over his 2018 tweets regarding taking the company private https://t.co/e3vy72kAoL pic.twitter.com/cBppm2JKXt
— Reuters Legal (@ReutersLegal) April 14, 2022