Energy News / Shareholders Foundation, Inc.

NASDAQ:TSLA Shareholder Notice: Lawsuit Against Directors of Tesla, Inc. in Connection with Tweets by Elon Musk

Via: ReleaseWire

Updated 12:00 PM CST, Thu, February 28,2019

A lawsuit was filed by an investors in Tesla, Inc. (NASDAQ: TSLA) shares over potential wrongdoing at Tesla, Inc. and NASDAQ: TSLA stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 02/28/2019 -- The Shareholders Foundation announces that a long-term investor in shares of Tesla, Inc. (NASDAQ: TSLA) filed a lawsuit against directors of Tesla in connection with tweets made by CEO Elon Musk.

Investors who purchased shares of Tesla, Inc. (NASDAQ: TSLA) and currently hold any of those Tesla, Inc. (NASDAQ: TSLA shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff alleges that the directors of Tesla, Inc. breached their fiduciary duties by failing to properly oversee the actions and communications of CEO Elon Musk.

The lawsuit against directors follows a lawsuit that was filed against Tesla over alleged securities laws violations in connection with certain tweets by Elon Musk. The plaintiff in that lawsuit that defendant Elon Musk, the Company's Chairman and Chief Executive Officer, and Tesla, Inc. violated the Securities Exchange Act of 1934 by issuing false and misleading statements regarding Musk taking the Company private.

In particular, and importantly, on August 7, 2018, at 12:48pm eastern standard time Elon Musk, the Chief Executive Officer of Tesla, Inc, issued a statement via Twitter that "funding" for the deal had been "secured" ("Funding secured").

The plaintiff alleged that, Elon Musk, however, was not telling the truth and that he had rather Tweeted to decimate the Company's short-sellers who were forced to cover their positions over the succeeding days at artificially inflated prices.

Those who purchased shares of Tesla, Inc. (NASDAQ: TSLA) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

For more information on this press release visit:
http://www.sbwire.com/press-releases/nasdaqtsla-shareholder-notice-lawsuit-against-directors-of-tesla-inc-in-connection-with-tweets-by-elon-musk-1160012.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com