billionaire businessman Elon Musk, has had problems with electric car company Tesla for some time. A post Musk made on Twitter years ago alarmed shareholders. As a natural consequence of this lawsuit filed. The latest news shows that Musk will have to make a large payment to Tesla shareholders. Let’s take a look at the latest developments between Elon Musk and the US Securities and Exchange Commission (SEC).

There are those of you who remember; Elon Musk, a strange post about Tesla in 2018 had done. In this post, Musk breaks down the entire company by share. for $420 He stated that he could buy it and even provided money for it. This situation alarmed Tesla shareholders. Because investors had to take positions according to this statement. Here’s the last point, viz of the process to Elon Musk millions of dollars shows it will cost.

will pay over $40 million

If there is no new objection from Elon Musk or investors, then Elon Musk’s to 3,350 investors will have to pay 12 thousand 400 dollars per person. This amounts to a total amount of more than 40 million dollars. That’s a lot of money for Elon Musk not we can say.

In the meantime; total loss of investors, according to an expert investigating the case over $12 billion. There are three reasons why Elon Musk will pay much less. The first of these is that the expert took the 10-day loss as the basis for the calculation. If the jury is 27 hours process was based. In addition, the $40 million payout only covers spot trades. Derivative transactions are not included in the account. Finally; all Tesla investors in the lawsuit Not included. All this has lowered Elon Musk’s payment.