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.
  • set_secret@lemmy.world
    341·
    5 months ago

    What a joyous year if we could get Trump and Elon in jail this year… They could be roomies!

    • UnderpantsWeevil@lemmy.world
      331·
      5 months ago

      Neither of them are going to prison. Trump’s judge explicitly said as much during his 10th contempt citation, and Musk has been pissing on the leg of the SEC for the last five years straight with no consequences.

      • mudstickmcgee@sh.itjust.works
        15·
        5 months ago

        Would be a pretty funny “prison break esque” movie though.

        The key to escape is Donald’s tiny hands can reach things other prisoners hands are to big for.

        • Honytawk@lemmy.zip
          8·
          5 months ago

          And Elmo creates the perfect diversion by convincing every other prisoner to invest in prison coins, only to pump and dump em causing a riot.