Tesla's CEO accused of fraud following Twitter feeds on cryptocurrencies

Elon Musk went into a quagmire after deliberately accusing short sellers on Twitter. Two lawsuits were filed against him. Could this be the tweet of divorce?

A manipulation perpetrated by Musk?

It seems that Musk has "put pressure on short sellers" with his recent publications on the social media Twitter. He said he had "secure financing", encouraging investment in cryptocurrencies.

Musk and Tesla allegedly manipulated the stock price of Tesla by violating federal securities laws , according to Kalman Isaacs and William Chamberlain.

Huge losses

The famous tweets of Musk would be particularly wrong and misleading. An electric car company refused to look into Tesla's contributions, which "amounted to a nuclear attack designed to completely decimate the sellers. "

Following the release of Musk on August 7, Tesla's share price was up 13%. "This price evolution has cost retailers millions of dollars," said Isaac.

Despite his incentives for short sellers, Musk has sometimes criticized them through his Twitter account.

What do you think of the lawsuits against Elon Musk? Tell us your opinion in the comments section below.

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