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The person starting the class action lawsuit claims they lost $350. The $10/share Twitter appreciated after Musk disclosed times 35 shares sold between when Mu
by HWR_14 5y ago
The person starting the class action lawsuit claims they lost $350. The $10/share Twitter appreciated after Musk disclosed times 35 shares sold between when Musk was supposed to file and when he did. Honestly, I wonder if Musk wouldn't just agree to the extra $10/share for everyone for the four days of purchasing. It's not like the extra few hundred million would be worth the time in court. Well, to him. I'd gladly spend a year or two in court for a few hundred million.
- arkitaip 5y agoMusk' companies regularly engage in anti labour practices [0] to save a couple of dollars per employee and you don't think he would worry about a "few" hundred million dollars? Also, he isn't spending time in court, his lawyers are. [0] https://www.google.com/search?q=elon+musk+anti+labour https://www.google.com/search?q=elon+musk+anti+labour
- HWR_14 5y agoI would imagine whether he settles or fights it is primarily based on how much it costs and how likely he is to lose. I would point out that even if he settled he would have made money on the purchase - just not as much money. The anti-labor links seem to be all about being anti union. If the union raised the cost of his employees by $2,000/year, Tesla would have been put over a hundred million in 2019, 150 million in 2020, 200 million in 2021. That's even more money, plus it impacts the value of all his Tesla shares, so it may have cost him even more. And there's no way he doesn't have to get deposed, and otherwise get annoyed.