Tesla Hit With Investor Lawsuit Over Musk’s Market-Moving Tweets

Elon Musk, fresh off his coronation as Time Magazine’s “person of the year,” is facing more investor scrutiny over his tweets, this time with a Delaware lawsuit filed against Tesla Inc. on Thursday taking aim at a Twitter poll that asked if he should sell millions worth of stock.

The lawsuit, filed in Delaware Chancery Court, accuses Musk of continuing to tweet impulsively and recklessly, in violation of a 2019 agreement with securities regulators that required the company to adopt strict new internal oversight procedures for monitoring his online statements.

“It is unclear who at Tesla, if anyone, is currently ...