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Andrew Left, a well-known short seller, has sued TSLA.O. and its chief executive, Mark Musk, saying that Musk intentionally fabricated plans to privatize Tesla that had been abandoned before to hit investors short of the company's stock price.
Left filed a class action lawsuit Thursday, claiming that Musk released false and misleading information, hurting short sellers like him and investors who wanted Tesla's share price to rise. Left's articles in Citron Research often suppress the stock price of some companies.
At least seven lawsuits have been filed against Musk since he said on Twitter August 7 that he might privatize Tesla. At the time, Musk unexpectedly said, or 420 dollars per share, a total of 72 billion dollars to privatize Tesla, and "capital" has been "guaranteed.


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