April 15, 2020 - The court denied the defendants' motion to dismiss.

November 22, 2019 - A motion to dismiss the consolidated complaint was filed.

January 16, 2019 - A consolidated complaint was filed.

August 10, 2018 - An investor in shares of Tesla, Inc. (NASDAQ: TSLA) filed a lawsuit in the U.S. District Court for the Northern District of California over alleged violations of Federal Securities Laws by Tesla, Inc. in connection with certain allegedly false and misleading statements made between after 12:48 pm eastern standard time on August 7, 2018 through and including August 8, 2018.

According to the complaint the plaintiff alleges on behalf of purchasers of Tesla, Inc. (NASDAQ: TSLA) common shares, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that defendant Elon Musk, the Company's Chairman and Chief Executive Officer, and Tesla, Inc. violated the Securities Exchange Act of 1934 by issuing false and misleading statements regarding Musk taking the Company private

In particular, and importantly, on August 7, 2018, at 12:48pm eastern standard time Elon Musk, the Chief Executive Officer of Tesla, Inc , issued a statement via Twitter that funding for the deal had been secured ( Funding secured ).

The price of shares of Tesla, Inc. (NASDAQ: TSLA) rose to an intra-day high of $387.46, $45.47 above the previous day's closing price, closing at $379.57 per share.

The plaintiff alleges that, Elon Musk, however, was not telling the truth and that he had rather Tweeted to decimate the Company's short-sellers who were forced to cover their positions over the succeeding days at artificially inflated prices.

The price of Tesla, Inc. (NASDAQ: TSLA) stock also remained inflated throughout the next day, August 8, 2018.