Lawsuits accuse Tesla's Musk of fraud over tweets, going-private proposal


Elon Musk is facing to lawsuits that claim. He made false statements to boost the company's stock price complaints, claim Elon Musk sought to mislead investors. When he said on Twitter, this past week, he had secured funding to take the electric car company, private that announcement and immediately boosted tesla stock. But those gains have mostly been raised. The lawsuits filed Friday in San Francisco by investors, say musk and tesla, violated federal securities law by scheming to artificially inflate the stocks

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