New Delhi. It is not hidden from anyone that Elon Musk, the second richest man in the world, is in the headlines because of his tweets, which causes the company’s shares to fall so much that the shareholders of his company suffer a big loss. . Musk has also suffered a lot of criticism for this love from social media. In this case, a shareholder of the company has been accused of violating the agreement of the year 2018 with the US Securities and Exchange Commission, upset by this habit of Musk. Along with this, a case has also been done in the court. The shareholder says that Musk’s attitude is causing a lot of loss to shareholders.
Case on Tesla and Musk
According to the Foreign Media News Agency, a complaint has been filed against Musk in the Delaware Chancery Court. Which also includes the name of the board of electric car company Tesla. In which it has been alleged that Tesla’s directors have failed in compliance with Musk’s irregular tweets and SEC settlement. Because of which the company share holders are suffering a lot of losses. Several tweets made on Twitter have also been mentioned in the complaint. There is also a tweet in which he said that Tesla’s share price was too high. Since then, Tesla’s market cap has fallen by more than $ 13 billion.
Loss due to Musk and company directors
The person complaining to Musk and the company directors is named Chase Gharriti. In the media report, he has said that there has been a lot of damage due to Musk and not taking any concrete steps from the directors. In such a situation, they should pay the loss. Earlier in August 2020, Tesla CEO Elon Musk was sued for defaming a long-time critic of the company and running an online hate campaign against him.
Musk is the second richest in the world
Elon Musk is also a founder of the space company, SpaceX. In the year 2020, Elon Musk rocked the world by earning 94,500 crore rupees a month. Elon Musk’s company Tesla’s stock was up 86 percent. In the beginning of 2020, Elon Musk was ranked 45th in the list of billionaires worldwide, while this year he achieved the title of world’s richest person. At present, Elon Musk has total assets of $ 179 billion, which is $ 2 billion less than Jeff Bezos.