Andrew Left of Citron Research said on Thursday he is suing Tesla and its CEO Elon Musk for violating federal securities laws.
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The lawsuit alleges Musk manipulated the price of Tesla shares by issuing materially false and misleading information, according to a copy of the suit which was posted online and confirmed as authentic by the well-known short seller Left.
The suit specifically cites Musk's Aug. 7 tweet about taking Tesla private and claiming that funding for that effort had been "secured."
Left declined to comment on the lawsuit.
Tesla did not immediately respond to a request for comment.
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