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Elon Musk He set records by becoming the first person to lose over $200 billion. And you can lose more.
Current owner Twitter He faces a trial that arose from some of the tweets he made in 2018.
I am considering converting Tesla in a private company at $420 per share. Funding secured,” he tweeted. Musk in August 2018.
The tweet not only contains a reference to marijuana with 420, but also the possible consequences for Elon Muskwho also indicated that day that shareholders could sell the shares for $420 or remain investors in the company, but private.
Tesla investors vs. Elon Musk
Elon Musk is in the middle of a stock fraud lawsuit thanks to his publications.
shareholder lawyers Tesla they will strive to demonstrate that Elon Musk lied, which caused instability in stocks Tesla and causing damage to their customers.
advised BloombergAttorney Adam Pritchard believes that Elon Musk could lose billions of dollars in this case.
To avoid a new blow to his fate, Elon Musk You will need to show that you have the necessary funding to take Tesla private at $420 per share.
In August 2018, stocks Tesla cost about 20 bucks. The electric vehicle company peaked at $409.97 in November 2021. Since the announcement of the purchase Twitter, Tesla Its value on the stock market dropped significantly and approached $110.
Source: RPP
I’m a passionate and motivated journalist with a focus on world news. My experience spans across various media outlets, including Buna Times where I serve as an author. Over the years, I have become well-versed in researching and reporting on global topics, ranging from international politics to current events.