Elon Musk faces shareholder lawsuit over Twitter acquisition that hurt Tesla

Odaily News A new shareholder derivative lawsuit claims that Elon Musk sold Tesla shares and misappropriated Tesla resources in the process of acquiring the social media platform then called Twitter (now renamed X), violating his obligations to Tesla shareholders. On Monday, the Rhode Island State Employees Retirement System sued Musk, Tesla and Tesla board members, claiming that Musk's huge investment in the acquisition of Twitter distracted him from his duties at Tesla, created a conflict of interest and harmed Tesla's interests. (Xueqiu)