Tesla CEO Musk accused in lawsuit of fraud over going-private proposal

(Reuters) - Tesla Inc and Chief Executive Elon Musk were sued on Friday by an investor who said they committed securities fraud in a scheme to "completely decimate" short-sellers that included Musk's proposal to take the electric car company private. The proposed class-action complaint filed by Kalman Isaacs in San Francisco federal court accused Tesla and Musk of trying to artificially manipulate the company's stock price.

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By: Firstpost - Friday, 10 August

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