Shareholders of Tesla sued Mask because of a tweet about the company's redemption

The group of shareholders of the company Tesla, which produces electric cars, filed a lawsuit against its founder and general director Ilona Mask for a tweet about a possible buyout of the company.

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The plaintiffs who appealed to the federal court in San Francisco, believe that because of a series of tweets Mask they suffered losses. In particular, on August 7, Tesla CEO wrote on his Twitter that he allows the possibility of redemption of all shares of the company. Because of this post, Tesla quotes on the stock exchange jumped by 6.5%, to $ 363.4 per share. According to the plaintiffs with their tweets, Musk violated the securities laws. Also, the injured party notes, sharp price jumps led to the fact that some shareholders have suffered losses. Earlier it was also reported that Tesla would fire thousands of employees because of the reorganization.

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