AnActOfCreation@programming.dev to

News@lemmy.world · 7 months ago

Musk accused of selling $7.5 billion of Tesla stock before releasing disappointing sales data that plunged the share price to two-year low

cross-posted to:
usnews@lemy.lol

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Musk accused of selling $7.5 billion of Tesla stock before releasing disappointing sales data that plunged the share price to two-year low

AnActOfCreation@programming.dev to

News@lemmy.world · 7 months ago

cross-posted to:
usnews@lemy.lol

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.

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Texas_Hangover@lemm.ee
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- cosmicrookie@lemmy.world
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  Oh wow! Was that her with the lighter commercial for Bic?
  
  Didn’t notice before now!
- afraid_of_zombies@lemmy.world
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  Love the idea of two of them only one has served time.

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