It is reported that in 2018, musk sent a message on twitter that Tesla would be privatized, which attracted the investigation of regulators. What did the US federal judge think of the storm at that time? One judge said: "as long as it is rational, the jury will find that Musk's behavior is reckless." This is the characterization of the storm. It appeared in the court resolution, which was sealed up for more than a month before it was disclosed.
A few weeks ago, U.S. District Court judge Edward Chen ruled that Musk's tweets were misleading. However, the resolution was not made public until Tuesday.
In 2018, Musk's tweets caused share fluctuations and investors suffered. The court's ruling was a victory for investors. The case will be heard in January next year. At the same time, if all goes well, musk will complete the acquisition of twitter.
Musk has stressed for several years that the acquisition funds are guaranteed based on his negotiations with Saudi Arabia's public investment fund. However, judge Edward Chen obviously did not think so. He said that musk had negotiated with Saudi Arabia's public investment fund on July 31, 2018. Musk had a clear understanding of the situation. As long as a rational jury would think musk was reckless.
Musk and Tesla hope that the judge will keep the "selected materials" in the lawsuit confidential because they contain "protected, non-public and confidential business information". Finally, Tesla and the investor's lawyer reached a settlement agreement, which is why the resolution more than a month ago is now disclosed.
Tesla obviously refuses to accept the judgment. It is trying to appeal, so the lawsuit will continue.