News > Tesla Faces Investor Lawsuit Over Musk Tweets On 10% Stock Sales
Tesla Faces Investor Lawsuit Over Musk Tweets On 10% Stock Sales
Indiannation | 18/12/2021 08:32 AM | Click to read full article
Tesla investor David Wagner called for access to internal documents to investigate whether Tesla and Musk violated an agreement with the US securities regulator and its board members failed to adhere to their fiduciary duties.
Tesla shares, which had hovered near record-highs, lost their value by about a quarter after Musk said on Nov. 6 he would sell 10% of his stake if Twitter users agreed.