The billionaire tech entrepreneur Elon Musk’s “misstatements”in Twitter makes trouble to him.A group of investors in his car company Tesla has filed a petition for legal action on his mishandling Twitter.
“Musk has continually disregarded all efforts to rein in his material misstatements on social media,” law firm Grant and Eisenhofer Director Michael Barry, representing the investors, said in the statement.
“He has ignored federal court orders, a settlement with the SEC (Securities and Exchange Commission), and even his company’s own corporate policies expressly requiring that any of his tweets regarding Tesla be pre-screened.
The development came in response to Musk’s tweet on February 19 that “Tesla made 0 cars in 2011, but will make around 500K in 2019”.
Hours later, the billionaire sent a follow-up tweet indicating that the company will actually deliver just 400,000 cars this year.
The US regulators slammed the Tesla CEO because he “once again published inaccurate and material information about Tesla to his over 24 million Twitter followers”