Tesla Shareholder Lawsuit Reveals Elon Musk’s Private Texts With Saudi Fund on Proposed Privatization
Posted: Mon Apr 25, 2022 8:16 pm
Text messages between Elon Musk and a representative of a Saudi Arabian investment firm have now surfaced as part of an ongoing shareholder lawsuit, shedding more light on the billionaire’s controversial 2018 tweet about taking the publicly traded company, Tesla Inc., private. “Am considering taking Tesla private at $420. Funding secured,” Musk said in the April 7, 2018, tweet. Shareholders sued Tesla and Musk, arguing that they lost money following the tweet. Stock trading on Tesla’s shares had initially halted and was highly volatile for several weeks. As part of the lawsuit, a 300-page motion (pdf) detailing text messages between Musk, his friends in Silicon Valley, investors, and Yasir Al-Rumayyan, the managing director of Saudi Arabia’s Public Investment Fund (PIF), was filed on April 22. ...
Source: https://www.theepochtimes.com/tesla-sha ... 25993.html
Source: https://www.theepochtimes.com/tesla-sha ... 25993.html