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
    18•23 days 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
      0•23 days ago

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