Tesla investor is suing Musk over tweets

Tesla boss Elon Musk has once again caused legal trouble with his tweets. An investor in the US electric car maker has sued the multibillionaire for "erratic" Twitter messages that allegedly exposed the company to high legal risks and billions in price losses. Further unbridled tweets from Musk could have dire consequences for Tesla's future funding opportunities, according to the 105-page complaint published on Friday (local time) by the court in the US state of Delaware. Musk repeatedly causes a stir with his tweets and sometimes also for strong movements in the financial markets. Most recently, he had fueled the price rallies of crypto currencies such as Bitcoin and Dogecoin with benevolent messages in the short message service. This caused a lot of suspicion, not least because a little later a $ 1.5 billion Bitcoin purchase by Tesla became known, for which it is not clear whether it was made before or after the tweets. The whole thing is particularly explosive because Musk has already been sanctioned by the Securities and Exchange Commission in the past. An agreement with the authority stipulates that the Tesla boss must have his tweets approved by the company. The trigger for this was Musk's announcement on Twitter in the summer of 2018 that he was considering taking Tesla off the stock exchange and financing was secured. After an investigation, the SEC concluded that Musk had no firm funding commitments and ultimately enforced Twitter's restrictions on a settlement after a legal hack and a market manipulation lawsuit.