“No Stock Options” – Musk furious over tweets from Tesla unions

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Tesla boss Elon Musk is still in trouble with justice over controversial statements on his short message service Twitter. A US appeals court put the billionaire in his place for a tweet against forming a union at Tesla. The court in New Orleans supported the action of the US labor law authority NLRB. She had asked Musk to remove the 2018 Twitter post because it posed an unlawful threat.

Musk had written, “No one is stopping the Tesla team… from voting for a union. But why pay union dues and give up stock options for nothing?” The UAW welcomed Friday’s ruling. Tesla declined to comment. Tesla lawyers had previously argued that Musk’s tweet did not pose a threat, but that the Tesla boss only stated that union employees of other US auto companies were not receiving stock options.

There is currently no union organization at Tesla plants in the US. It was not until February that workers in the US state of New York made another attempt to form a union. Musk has owned the short message service Twitter since last year. His own statements on the portal repeatedly sent the 51-year-old on a confrontational course with investors, authorities and courts.

Dogecoin lawsuit also pending
Meanwhile, Musk asked to drop a $258 billion lawsuit alleging price manipulation of the cryptocurrency Dogecoin. A letter filed Friday night by attorneys for Musk and Tesla in New York called the lawsuit filed by Dogecoin investors a “fantastic work of poetry.” Prosecutors’ “innocent and often silly tweets” failed to show how Musk intended to cheat or hide risk. An attorney for the investors said in an email that they were more confident than ever in winning the lawsuit.

The prosecutors accuse Musk, along with Tesla, his aerospace company SpaceX and tunnel builder Boring Co, of first boosting the price of the cyber currency and then crashing it. Musk had made several positive comments about Dogecoin on Twitter, helping the internet currency, which began as a parody of Bitcoin, to rise in price. In early May 2022, Dogecoin crashed after the Tesla boss called the motto a hoax in a skit on the Saturday Night Live comedy show. The $258 billion in damages sought is three times the estimated loss of market value in the 13 months prior to the filing of the lawsuit.

Source: Krone

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