AnActOfCreation@programming.dev to

News@lemmy.world · 5 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

912

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 · 5 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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jaybone@lemmy.world
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5 months ago
I love how resort is tacked on there at the very end. Like you read it in a quiter voice.
- lost_faith@lemmy.ca
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  5 months ago
  Well, she did spend time in Club Fed

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