Elon Musk's X Lawsuit Against Media Matters Gets Green Light From Judge Who Holds Tesla Stock
Portfolio Pulse from Ananya Gairola
Elon Musk's social media platform X, formerly Twitter, is proceeding with a lawsuit against Media Matters For America (MMFA) after a judge, who is a Tesla shareholder, allowed it. The lawsuit claims MMFA's negative reporting led to advertisers pulling out from X. The judge dismissed objections regarding the lawsuit's jurisdiction and ruled that X's claims have enough merit to proceed.
August 31, 2024 | 7:01 am
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A judge who is a Tesla shareholder allowed Elon Musk's X lawsuit against Media Matters to proceed. This may indirectly affect Tesla's stock due to Musk's involvement and the judge's financial interest.
The judge's decision to allow the lawsuit to proceed could have indirect implications for Tesla, given the judge's financial interest in the company and Musk's involvement. However, the direct impact on Tesla's stock is likely limited.
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