
Tesla Inc (NASDAQ: TSLA) CEO Elon Musk was on Tuesday sued by former Twitter Inc (NYSE: TWTR) shareholders for failing to reveal by March 24 that he had invested in the microblogging site, Reuters reported on Tuesday, citing a proposed class-action lawsuit.
What Happened: The lawsuit, filed in Manhattan federal court, claims the former shareholders missed out on the recent rise in Twitter’s stock because Musk’s disclosure came in too late.