Anonymous ID: 5fd3a8 Sept. 7, 2018, 5 a.m. No.2918407   🗄️.is 🔗kun   >>8434

RT per Reuters

Elon Musk sued for ‘trying to burn’ short-sellers with Tesla-go-private tweets

Published time: 7 Sep, 2018 09:11

Elon Musk sued for ‘trying to burn’ short-sellers with Tesla-go-private tweets

© Brian Snyder / Reuters

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One of Wall Street's prominent short sellers, Andrew Left, has filed a class-action lawsuit, accusing electric car maker Tesla and its CEO Elon Musk of trying to “burn” investors with “objectively false tweets.”

Short selling is a market position motivated by the belief that a security’s price will decline, enabling it to be bought back at a lower price to make a profit. Last month, Tesla’s founder tweeted about plans to take the company private.

 

The announcement sent Tesla stock surging by more than 10 percent. Later, Tesla’s eccentric CEO tweeted that he was negotiating the go-private deal with buyout firm Silver Lake, investment bank Goldman Sachs and several other firms, including the Saudi Arabian government.

Anonymous ID: 5fd3a8 Sept. 7, 2018, 5:10 a.m. No.2918451   🗄️.is 🔗kun

Just thinking outloud. We had info on Corsi and AJ right in front if our noses before but didnt dig there. Why? What prevented us? Q pointed and its in the open. Who else is in that bucket????