Musk accused of selling $7.5 billion of Tesla stock before releasing disappointing sales data that plunged the share price to two-year low - eviltoast
The Tesla CEO faces claims he pocketed $3 billion in ill-gotten gains in late 2022 after learning Q4 vehicle sales would not deliver the 'epic end of year' he promised investors.
  • Elon Musk accused of illegally selling $7.5 billion in Tesla stock in Q4 2022.
  • Lawsuit alleges Musk and board violated fiduciary duties by selling shares ahead of disappointing vehicle sales data.
  • Shareholder seeks disgorgement of $3 billion in illegal gains and damages from directors for reckless behavior.
  • Johanno@feddit.de
    19·
    5 months ago

    That’s only the 5th time he commits fraud. He has been at court several times because of his actions. It seems no one really wants to arrest him

    • jaybone@lemmy.world
      33·
      5 months ago

      He should run for president. He can claim the long form version of his birth certificate says he was born in Hawaii.