Categories: Business

Tesla Is Set for Settlement Talks Over Musk Tweets About Taking Company Private

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Tesla is scheduled for court-ordered settlement talks in a shareholder lawsuit over Chief Executive Officer Elon Musk’s 2018 tweets suggesting he had funding to take the company private.

In a court filing Friday, a federal judge ordered the settlement conference via Zoom on Oct. 3, adding to an already busy month for Mr. Musk. He also faces a five-day October trial in Twitter lawsuit seeking to compel him to complete his $44 billion purchase of the social-media company, and a trial over his compensation package at Tesla.

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