Elon Musk facing lawsuit over tweet about British cave diver

Elon Musk facing lawsuit over tweet about British cave diver

The shareholder lawsuit is one of at least seven targeting Musk since he stunned investors by announcing on Twitter on August 7 that he might take Tesla private for $420 per share, in a $72 billion transaction for which "funding" had been "secured".

Tesla's stock has been particularly sensitive to Musk's movements, having closed down nearly 3 percent after the last attack on Unsworth. "We've really gotta figure out how to make two new vehicles at the same time", Musk told Brownlee.

Previous attacks by Musk against Unsworth on Twitter, and his surprise announcement about taking Tesla private, have led to concerns about Musk's judgment and the ability of Tesla's board to influence his behavior.

The British caver accused by Elon Musk of being a "child rapist" is reportedly considering suing the technology billionaire in three countries as he blasted the baseless claims as "100 per cent" untrue.

"Elon Musk's ongoing campaign of publishing vile and false accusations against Mr. Unsworth is inexcusable".

The cave diver, 63, helped rescue the trapped soccer team from a cave but faced criticism from Musk, when Unsworth said Musk's mini-submarine theory for rescuing the boys had "absolutely no chance of working". Musk hopes to be sued and he deserves to be sued.

"You don't think it's unusual he hasn't sued me?" When asked about legal proceedings between Musk and Unsworth, O'Connor stated: "His [Unsworth's] lawyer will take this up for Vernon".

CNN wasn't able to independently verify the authenticity of the emails reported by Buzzfeed.

Tiger Woods Takes the Lead at the BMW Championship
He enters the week 25th in the FedEx Cup standings and needs to stay in the top 30 to qualify for the Tour Championship. Two late bogeys stopped McIlroy from grabbing the outright lead.

Ariana Grande Shares Photo of Mac Miller After His Death
Miller died from an apparent overdose on Friday afternoon, but an official cause of death has not yet been announced. No matter who you blame in this situation, undoubtedly, Miller's death is upsetting to Ariana .

United States to cut $25m in aid to hospitals serving Palestinians
A Palestinian Authority official told NPR that "these acts will not change our position toward our cause one bit". Instead, Palestinians say his position has weakened moderates and encouraged radicals across the Middle East.

Musk has long used Twitter to criticize short-sellers, and Left said his conduct violated federal securities laws. He also tweeted that he might suffer from bipolar disorder but then said "maybe not medically".

"And with an ever more competitive electric-vehicle landscape - with more vehicles set to be released soon - customers might opt for a BMW i3, Chevrolet Bolt, or even a traditional carbon-burning option". Doubts quickly surfaced about how coherent Musk's plan really was.

Last week, investment firm Cowen & Co. warned that Tesla faces "mounting obstacles", including shareholder lawsuits and scrutiny from regulators.

The investor also believes that the proposed buy-back of Tesla (TSLA) stock at $420, with a $100 a share premium on current price, denies investors who have backed the company the opportunity of realizing huge future returns.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Berenberg Bank set a $500.00 target price on Tesla and gave the stock a buy rating in a research note on Monday, May 21st.

Musk's tweet caused a financial firestorm with Tesla shares immediately skyrocketing by nearly 11 per cent, although in the coming days they lost a good part of what they had gained and tanked further after Musk's interview with the NYT.

"This past year has been the most hard and painful year of my career", he said during the interview.

Related Articles