Tesla drops request for restraining order against allegedly dangerous short seller

TechCrunch | 7/19/2019 | Staff
amyc9948 (Posted by) Level 3
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Tesla has withdrawn its request for a court-ordered restraining order against Randeep Hothi, documents submitted to the court where the complaint was filed revealed Friday. Hothi, an individual who is very vocal on social media about his short position in Tesla, had gone to extreme and potentially dangerous lengths in his avid attempts to collect materials to support his vocal criticism, according to the company.

The Alameda County Superior Court actually granted Tesla a temporary injunction in this matter back in April, after Tesla filed a complaint with supporting documents supporting its assertion that Hothi had injured a guard during a hit-and-run incident in February, and that he nearly caused an accident by driving dangerously in pursuit of a Tesla Model 3 undertaking a test driven on April 16.

Injunction - Tesla - Description - Events - Materials

After granting the temporary injunction based on Tesla’s description of events, supporting materials, and written affidavits submitted by employees, the court asked Tesla to produce both audio and video recordings related to these two incidents pursuant to a hearing....
(Excerpt) Read more at: TechCrunch
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