Tesla continues to fight lawsuits over Musk's "Taking Tesla private" tweet

Bradley Prior

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Tesla continues to fight lawsuits over Musk's "Taking Tesla private" tweet

Tesla Inc.’s effort to beat back an investor lawsuit over Elon Musk’s notorious take-private tweet drew sharp questions from a judge about the chief executive’s dealings with a Saudi Arabian investment fund.

The company asked U.S. District Judge Edward Chen on Friday to throw out a suit claiming Musk’s Twitter post on Aug. 7, 2018 - “Am considering taking Tesla private at $420. Funding secured” - was an intentional deception that jolted the electric-car maker’s stock price. [Bloomberg]
 

Happy Days

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Talk about overreacting! There's nothing in his tweet that indicates that it's a done deal. He's considering it and funding is secured (conditions?).

You sure as hell don't trade on anything that's not officially confirmed without being aware of the risk.
Caveat emptor surely here.
 

_TrXtR_

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U.S has english problems. "Am considering" must have a different meaning than it does for the rest of the world.
'Funding secured' or not... "Am considering" is pretty obvious.
 
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