Tesla investor sues Elon Musk over ‘erratic’ tweets

San Francisco, March 14 : Elon Musk is once again back in the news for his erratic tweets on the company’s financial performance, as a Tesla investor has sued him and the board of the company for violating a settlement with the US Securities and Exchange Commission (SEC) that barred Musk from tweeting on the sensitive financial information related to the electric car maker.
The lawsuit claims that Musk is exposing Tesla to potential penalties from regulators and could drive down its stock.
Musk’s “erratic” actions have caused the company “substantial damage”, including billions of dollars in lost market capitalisation, reports TechCrunch, citing the lawsuit.
Tesla did not comment on the lawsuit.
Despite reaching a settlement with the US SEC in April 2019 after weeks of negotiation over his controversial Twitter activities, Musk had agreed to more specific oversight on his tweets about the company.
This latest lawsuit alleged that Musk’s tweeting violates the April 2019 settlement.