By Toyin Owoseje
Tesla and its chief Elon Musk
have been sued by investors who claim the entrepreneur engineered a
scheme to squeeze short-sellers with a series of tweets about taking the
company private.
Two lawsuits were filed at San Francisco's federal court by
Kalman Isaacs and William Chamberlainon on 10 August, three days after
the 47-year-old tech magnate declared that he was considering taking the electric car firm private in a record $72bn (£55bn) deal.
One of his tweets read: “Am considering taking Tesla private at $420. Funding secured.”
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Source: The Independent
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