Tesla stockholders ask judge to silence Elon Musk in 'funding secured' fraud case

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Tesla stockholders ask judge to silence Elon Musk in 'funding secured' fraud case
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Lawyers for Tesla stockholders also say in court documents that the judge in the case has ruled that Elon Musk’s tweets about having “funding secured” to take Tesla private were false.

DETROIT — A group of Tesla shareholders suing CEO Elon Musk over some 2018 tweets about taking the company private is asking a federal judge to order Musk to stop commenting on the case.

The interview and court action came just days after Musk, the world’s richest person, made a controversial offer to take over Twitter TWTR, -1.68% and turn it into a private company with a $43 billion offer that equals $54.20 per share. Twitter’s board on Friday adopted a “poison pill” strategy that would make it prohibitively expensive for Musk to buy the shares.

Alex Spiro, a lawyer representing Musk, wrote in an email Sunday that the plaintiffs’ lawyers are seeking a big payout. “Nothing will ever change the truth, which is that Elon Musk was considering taking Tesla private and could have,” he wrote. “All that’s left some half-decade later is random plaintiffs lawyers trying to make a buck and others trying to block that truth from coming to light, all to the detriment of free speech.

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