21 Jan 2023 2:24 pm
That's why I said I would need to see what he tweeted first.DeezerShoove » 21 Jan 2023, 2:36 pm » wrote: ↑ You are right . . . to a point.
Did this person (who is the most influential person regarding that stock) make a statement
that could be construed as a valid direction for that company?
Stock trading is predicting the future based on information at hand after all.
Is Mr. Tesla's mere utterance about the company considered information?
It would also have to be determined if the tweet was considered an official statement or Musk just pontificating on social media I would think.
It also brings up the question... if Musk had just made a move with his company without saying a word about it, and investors lost money, could they still sue him for losing their investment?
It's a difficult one to call for sure. My BIL is a financial/real estate attorney, so I would probably check with him before nailing down a final opinion.
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