Warring Investors Squabble In Suit Over Elon Musk’s Tweets
Elon Musk
Photographer: Patrick T. Fallon/BloombergThis article is for subscribers only.
The uproar over Elon Musk’s August tweets about taking Tesla Inc. private has come to this: The investors suing to recoup hundreds of millions of dollars in losses have tied their case up in knots in a squabble over who should lead the litigation.
The judge caught in the middle spoke up Tuesday to explain why he chose a group of shareholders whose investments include both long and short positions over another group that held only long positions but claims to have incurred slightly larger total losses.