--- title: "Tesla Investors Sue Elon Musk For Twitter “Misstatements”" description: "A group of Tesla investors is suing CEO Elon Musk for what they say has been erratic behavior on Twitter that they say could harm the electric car company." date: "2019-03-09" modified: "2019-03-09" authors: - name: "Jon Christian" job_title: "Executive Editor" link: "https://futurism.com/authors/jonc" url: "https://futurism.com/the-byte/tesla-investors-sue-elon-musk" categories: - "Advanced Transport" - "Elon Musk" - "Future Society" - "Tesla" - "The Industrialists" tags: - "elon musk" - "sec" - "tesla" - "the digest" --- # Tesla Investors Sue Elon Musk For Twitter “Misstatements” ![A group of Tesla investors is suing CEO Elon Musk for what they say has been erratic behavior on Twitter that they say could harm the electric car company.]() *\Image: Getty Images/Tag Hartman-Simkins\* ## Mr. Musk A group of Tesla investors is suing CEO Elon Musk for what they say has been erratic behavior on Twitter that they say could harm the electric car company and its shareholders. "Mr. Musk has continually disregarded all efforts to rein in his material misstatements on social media," said Michael Barry, the director of the law firm handling the suit, in [a statement]() obtained by *CNET*. "He has ignored federal court orders, a settlement with the SEC, and even his company's own corporate policies expressly requiring that any of his tweets regarding Tesla be pre-screened. ## Stank Memes Last year, Musk settled a suit by the U.S. Securities and Exchange Commission by agreeing that Tesla would institute "mandatory procedures" to [preapprove written communications]() by Musk, such as tweets. But Musk's peculiar behavior on social media continued, as he posted memes including [puns about his name]() and an image of his face photoshopped onto the body of Dwayne "The Rock" Johnson. Of special concern was a tweet in which he claimed, incorrectly, that Tesla was on track to make "around 500,000" cars in 2019, which he [later corrected](). Teslas lawyers, according to the *New York Times,* admitted that nobody from the electric car maker had reviewed the tweet before it was posted. ## Tweet Brain Now Musk's own investors are taking him to court for his "unchecked use of Twitter to make inaccurate statements about the company," [according to *Bloomberg*](). "His conduct has not only cost Tesla shareholders dearly but threatens to expose the company to even greater liability and litigation in the future," said Barry, the lawyer, in the same statement obtained by *CNET*. **READ MORE:** [Elon Musk faces investor lawsuit for Tesla tweets]() \[*CNET*\] ***More on Elon Musk:** [Tesla Is Suing Alleged Saboteur for $167 Million]()* ## Author I'm responsible for editing, assigning, and scouting at Futurism, as well as occasionally writing for the site. That work involves keeping an eye on a wide range of narratives and issues, but over the past few years I've become increasingly interested in how AI is shaping the future of media, the web, and information itself. My day-to-day often involves collaborating on reporting and commentary projects bylined by my colleagues, but I try to find time to do my own reporting as well; stories I've broken for Futurism have been cited by publications including the New York Times, the Washington Post, the New Yorker, Wired, Ars Technica, New York Magazine, the Columbia Journalism Review, Bloomberg, and more. I grew up in Southern Vermont and attended Vanderbilt University. Prior to Futurism, I contributed to outlets including the Boston Globe, Vice, Wired, Slate, the Atlantic, the Outline, Ars Technica and more, and did stints in farming and food service. I currently live in Brooklyn, New York, and in my free time I enjoy pinball, word games, cycling, running, and music production. ### Author social links [Bluesky]()