Tech

Judge ruled Elon Musk’s “Funding secured” tweet was false, plaintiff says

Elon Musk's Twitter profile displayed on a computer screen juxtaposed next to a Twitter logo displayed on a phone screen

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The shareholder who sued Elon Musk and Tesla over Musk’s infamous “Funding secured” tweet is seeking a temporary restraining order to prevent Musk from continuing in order to claim publicly that the 2018 tweet was accurate. The lead plaintiff representing a class of Tesla shareholders says a federal judge has already ruled that Musk’s tweet was false—although that ruling has not yet been unsealed.

“As this Court has determined in its recent order granting Plaintiff’s motion for partial summary judgment, these statements by Musk were false and misleading and that Musk made these false statements recklessly and with full awareness of the facts that he misrepresented in his tweets, ” said the filing on Friday in the particular class action lawsuit in US District Court for the Northern District of California.

The order was issued under seal, according to another court filing .

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