Sign up now for FREE unlimited access to Reuters.com Register SAN FRANCISCO, April 16 (Reuters) – A federal judge has ruled that Tesla CEO (TSLA.O) Elon Musk’s tweets in 2018 about securing financing for the privatization of the company were false, according to court statements by Tesla investors who sued the billionaire for tweets. The testimony stated that the court ruled on April 1 that Musk’s tweets in 2018 were “false and misleading”. The court “did what the statements made recklessly, being aware of their untruthfulness,” he said. Investors in the electric car maker in a lawsuit filed Friday with U.S. District Court Judge Edward Chen to exclude the famous businessman from his “public campaign to present a contradictory and false narrative about” his tweets. in 2018. Sign up now for FREE unlimited access to Reuters.com Register Musk claimed Thursday that funding for Tesla privatization in 2018 had indeed been secured. publish them. read more This decision of 1 April was not included in the court file. The issues will be the focus of a jury trial in May, in which investors are seeking compensation for the tweets. Musk “used his reputation and reputation to influence public opinion in his favor, giving the press a defeat in the courtroom,” the statement said. Musk’s latest comments are likely to confuse potential jurors and prejudge the jury’s decision on the amount of compensation Musk owes, he said. Musk is trying to cancel his settlement with the SEC, accusing the agency of harassing him with investigations. Alex Spiro, a lawyer for Musk and Tesla, reiterated on Saturday that it was true that Musk was considering taking over Tesla in 2018 and had funding for the move. “The only thing left about half a decade later is the plaintiffs’ random lawyers trying to make money and others trying to prevent this truth from coming to light, all at the expense of freedom of speech,” he said. The case is In re Tesla Inc Securities Litigation, U.S. District Court, Northern District of California, No. 18-04865. Sign up now for FREE unlimited access to Reuters.com Register Report by Hyunjoo Jin. Edited by Cynthia Osterman Our role models: The Thomson Reuters Trust Principles.
