TESLA shareholders have launched a legal effort to silence the electric car company’s CEO Elon Musk.
The group has asked federal judge to bar Musk from commenting on a lawsuit they have filed against him, according to a recent court filing.
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The federal lawsuit claims the shareholders lost money after Musk posted a series of tweets in 2018 saying he was thinking about taking the company private.
Lawyers for stockholders of the Austin, Texas-based company also say in court documents that the judge in the case has ruled that Musk’s tweets about having “funding secured” to take Tesla private were false, and that his comments also violate a 2018 court settlement with U.S. securities regulators in which Musk and Tesla each agreed to pay $20 million fines.
Musk, during an interview Thursday at the TED 2022 conference, said he had the funding to take Tesla private in 2018. He called the Securities and Exchange Commission a profane name and said he only settled because bankers told him they would stop providing capital if he didn’t, and Tesla would go bankrupt.
