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Judge Rules Musk Go-Private Tweet False, Tesla Investors Say

  • Ruling gives shareholders key advantage heading toward trial
  • Billionaire, car maker face multibillion-dollar damage claims
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Investors Ask: Would Twitter Stretch Musk Too Thin?
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Tesla Inc. shareholders suing over Elon Musk’s 2018 tweet about taking the company private said they won a key ruling in the run-up to a fraud trial with billions of dollars in damages at stake.

The investors said a federal judge agreed with them that “no reasonable jury could find Musk’s tweets on August 7, 2018 accurate or not misleading,” according to a court filing late Friday. The filing describes an April 1 order by the judge that isn’t listed on the docket.