Notably, the complaint requests that the court grant injunctive relief, which may potentially compel Musk to purchase Twitter at the agreed-upon amount.
Uncertainty surrounding Musk’s public pronouncements has already had a significant influence on the takeover proposal, driving down Tesla shares to the point where Musk had to abandon attempts to acquire finance through loans against his company holdings. Musk announced earlier this week to the Securities and Exchange Commission that he will contribute an extra $6 billion in stock capital to compensate for the expired loans.
