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If it was joke by Musk, the investing public appeared to believe what the tweet said. And if the content of the tweet weren't true, lawyers said, it could set up Musk and the company for regulatory action and private lawsuits...
I do not believe this is the appropriate way to suggest going private.
A final decision has not yet been made, but the reason for doing this is all about creating the environment for Tesla to operate best.
If his comments were issued for the purpose of moving the price of the stock, that could be manipulation, it could also be securities fraud.
Peter Henning a professor at Wayne State University's law school.
Personal social media sites of individuals employed by a public company would not ordinarily be assumed to be channels through which the company would disclose material corporate information.