Tesla Motors Suffered A Massive Decline In A Major Area Over The Past Few Years

The world’s richest man is no stranger to controversy or the inside of a courtroom. Musk’s actions have again landed him in legal trouble this year, and he is currently facing a number of lawsuits for several different reasons. The most high-profile suit relates to his attempted purchase of Twitter. Musk initially revealed himself to be the social media platform’s largest shareholder and proceeded to initiate takeover proceedings. Tweeting throughout the entire process, Musk proposed several changes at the company; some related to profit, others involved promoting free speech — and not everyone was happy with the changes put forward.

Musk eventually pulled out from the deal after posing questions about the number of Twitter accounts that are authentic and the number that are run by bots. Twitter claims only 5% of its userbase are bots, but Musk has cast doubt on this figure and demanded large amounts of data along with the process Twitter used to get its estimate. Twitter believed the amount of data requested was unreasonable and refused to hand it over. Musk then pulled out, but the saga did not end there. The billionaire agreed to a $1 billion break fee before serious discussions took place, but Twitter wants to force him to complete the deal. Musk has filed a countersuit against the social media giant, and the case could result in a judge finding in his favor, ordering him to pay a large amount in damages, or forcing Musk to complete the purchase under the original terms. The world’s richest man is also being sued for more than his net worth by someone who has likened Musk’s support of meme-currency Dogecoin to a pyramid scheme.