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Everything You Always Wanted to Know About Elon and Trump
Elon, Inc.
Elon Musk's Stock Trading Controversy and Investor Lawsuit
Investors in Tesla filed a lawsuit against Elon Musk, alleging that he had prior knowledge of a bad quarter in 2022 and traded Tesla stock based on this information. Musk sold over $7 billion worth of Tesla stock in December, coinciding with a significant drop in the stock price following a poor quarter. Musk stated that he needed cash for the acquisition of Twitter, but investors were skeptical as he had previously claimed he was done selling stock. Such cases are difficult to prove, but the investors' concern is understandable given Musk's repeated assurances followed by additional stock sales.
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