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.
  • some_guy@lemmy.sdf.org
    33·
    5 months ago

    Lonnie wouldn’t break investing rules. I trust him. He’s a super genius and will save us all. Now let me go post racist bullshit on his everything app so people will think I’m cool.

    He’s a shithead. There will never be meaningful consequences. I hope he takes a rocket into space and never comes back.

    • masterofn001@lemmy.ca
      103·
      5 months ago

      I hope it does come back.

      In a beautifully catastrophic arial display, of him and the others trying to escape, burning brilliantly on rentry.

      “Nobody gets out alive - especially the billionaires” ~Jimbert Morrenstein

      • Semi-Hemi-Lemmygod@lemmy.worldEnglish
        41·
        5 months ago

        No, living on Mars will be terrible. I want him to get what he wants and be slowly poisoned while eating algae surrounded by people he hates in a small tin can buried in the ground.