Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Elon Musk Building A 'Hardcore' Tesla Litigation Department: Why He's 'Out For Blood'

Published 21/05/2022, 14:40
Updated 21/05/2022, 15:40
© Reuters Elon Musk Building A 'Hardcore' Tesla Litigation Department: Why He's 'Out For Blood'

Over the last couple of months, Tesla Inc (NASDAQ: TSLA) CEO Elon Musk has been entangled in several lawsuits, from regulatory scrapes to shareholder tussles to a Hollywood couple’s divorce aftermath.

Amid all these legal involvements and the recent allegations of sexual misconduct against him, Musk has announced on Twitter (NYSE:TWTR) the formation of a “hardcore litigation department” for Tesla that directly initiates and executes lawsuits.

Musk’s decision to create the litigation department could be beneficial in the long run for Tesla.

Also Read: Elon Musk On Twitter Algorithm: 'You Are Being Manipulated' And Here's How To Fix It

Tesla already has an extensive legal department, but the company also works with outside firms in bigger cases.

In a recent Twitter post, Musk announced that Tesla is seeking applications for the litigation department. He asked people to send their applications in a bullet-point format, “describing evidence of exceptional ability.”

They can send their applications to justice@tesla.com. The team will be reporting directly to Musk.

Musk said he aims to have a free and fair litigation department that will never seek victory in a lawsuit against Tesla that is justified, and never surrender if a case lacks merit.

Earlier, during a Twitter conversation about Hillary Clinton’s 2016 presidential campaign on Twitter, Musk said he is now ready to fight.

Photo: Created with an image from Tesla Owners Club Belgium on Flickr

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read at Benzinga

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.