The shareholder lawsuit stems from Musk’s tweets in August 2018 when he said he had sufficient financing to take Tesla private at $420 a share, an announcement that caused heavy volatility in Tesla’s share price.
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“For the last several months, the local media have saturated this district with biased and negative stories about Mr. Musk,” attorney Alex Spiro wrote in a court filing. Those items have personally blamed Musk for recent layoffs at Twitter, Spiro wrote, and have charged that the job cuts may have even violated laws.Article content
The filing by his attorneys also notes that Twitter has laid off about 1,000 residents in the San Francisco area since he purchased the company in late October.
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