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Musk was sued by Tesla shareholders. What was the specific reason?

According to foreign media reports, a shareholder of Tesla in the United States filed a lawsuit with the court on March 12. He accused Tesla CEO Musk of violating the terms of the content posted on his personal social media. Violated the relevant regulations of the U.S. Securities Commission, causing damage to Tesla's interests. In addition, Tesla's board of directors failed to fulfill its regulatory responsibilities during this incident, which directly caused the interests of Tesla's shareholders to be harmed. damage.

In this indictment, the shareholder listed several contents intercepted from Musk’s personal social media, one of which read: “The company’s stock price is too high?” This message was posted on After the release of Tesla's first quarter financial report, Tesla's stock price was rising all the way driven by the positive financial report. After Musk released this content, Tesla's stock price turned upward in the subsequent period. The decline eventually ended with the market value of Tesla's stock plummeting by US$13 billion. This shareholder believed that the negative content published by Musk directly led to investors' lack of confidence in Tesla's stock, thus selling Tesla's stock in large quantities. It caused this, so Musk should bear the main responsibility.

Europeans and Americans have a more assertive personality due to their educational concepts, and they are also used to publishing their thoughts to the outside world on personal social media. Musk’s Tesla caused him to He has many fans on his personal social media and currently has more than 40 million fans around the world, and the content he posts on social media also greatly affects the thoughts of these fans.

It is reported that Musk has reached a settlement agreement with the US Securities and Exchange Commission. Musk has agreed to publish Tesla-related topics in an official form in the future and will no longer be casual on personal social media. I think this is the best way for a public figure to comment on the company's operations and financial status. After all, a large number of fans will be affected by Musk's casual words, so being cautious is the best thing for Musk. Good choice.