Tesla Sued Over Elon Musk’s Feud With Elizabeth Warren

The celebration for receiving TIME's "person of the year" award might have been cut short this week after a new lawsuit was filed.

The suit was filed in Delaware Chancery Court by shareholders of the company, and they accused Musk of hurting their stock prices by using his social media accounts. According to the suit, the CEO's statements about selling stock and feuding with Elizabeth Warren are in violation of the agreement with securities regulators.

The suit says that it is not clear who is currently reviewing Musk's statements.

Poll numbers

In November, Musk asked if he should sell his shares in order to pay higher taxes. 58 percent of the votes said yes. Musk has been selling stock since November. According to CNBC, Musk is facing an upcoming tax bill and that he sold his stock because of it.

Musk called the senator an angry mom in his feud with her. His points about paying more taxes than any American in history hold up, and it seems he followed through on what millions voted for.

It is ridiculous to try and get someone to stop talking about their taxes. The rules around capital gains mean that someone like Musk pays less taxes than other people. We need new legislation to change those rules.

More on Musk v. Warren: angry at the concept of paying taxes.

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