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Elon Musk Sued by Tesla Investors For "500k Cars" Tweet


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Elon Musk’s Twitter has only landed him in more hot water. According to reports, Tesla’s very own institutional shareholders are taking legal action to maintain the CEO’s societal media activity.
In case you missed it, then Tesla fell an easter egg within its newest Model Y teaser.

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— Elon Musk (@elonmusk) February 20, 2019
Founded in Delaware Chancery Court, the brand newest lawsuit intends to prevent Musk’s”unchecked usage of Twitter to produce incorrect statements about the business.” An announcement made by an attorney to your Laborers’ District council reads,”Mr. Musk has always disregarded all attempts to rein in his stuff misstatements on social networking.”

Tesla produced 0 automobiles in 2011, but could make around 500k in 2019
This follows
his latest data mishap on the stage after Musk estimated Tesla’s 2019 production number to be a million.  The U.S. Securities and Exchange Commission claims that this deceptive Tweet contrasts terms of its agreement, and Musk is required to appear before a federal judge to plead his own case.

Meant to mention annualized production rate at end of 2019 likely around 500k, ie 10k cars/week. Deliveries annually still anticipated to be approximately 400k.