Lawsuit over Elon Musk's 'funding secured' tweet moves on [Seeking Alpha]
Tesla, Inc. (TSLA)
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Consumer|On the MoveLawsuit over Elon Musk's 'funding secured' tweet moves onApr. 15, 2020 3:43 PM ETTesla, Inc. (TSLA)Clark SchultzA ruling by a judge means that Tesla (+1.8%Elon Musk is also likely to face a deposition in the case after U.S. District Judge Edward Chen determined that Musk's tweet appeared "factual" not "aspirational" as the company has claimed."The judge's ruling also increases the plaintiffs’ leverage in settlement talks, as investors seek billions of dollars in damages to cover their losses," writes Bloomberg's Joel Rosenblatt.Shares of Tesla are well off their session lows, but are still nicely above the infamous $420 takeout price referenced by Musk in 2018.See all stocks on the move »Now read:Valuation Matters (The Duck Test) »
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- SpaceX aims for $800 billion valuation in secondary share sale, WSJ reports [CNBC]CNBC
- Tesla turbocharged, energy makes a comeback: Market takeaways [Yahoo! Finance Canada]Yahoo! Finance Canada
- Feds find more complaints of Tesla's FSD running red lights and crossing lanes [TechCrunch]TechCrunch
- Tesla brings lower cost Model 3 to Europe [Yahoo! Finance]Yahoo! Finance
- Is the Cybertruck Tesla's best vehicle ever? These figures contradict Elon Musk's claim [USA TODAY]USA TODAY
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