Elon Musk Faces $7.5B Insider Trading Lawsuit from Tesla Investor
TL;DR Summary
Tesla CEO Elon Musk is accused of insider trading in a lawsuit filed by shareholder Michael Perry, who claims Musk sold $7.5 billion in Tesla shares before disappointing production and delivery numbers were made public, allegedly profiting by $3 billion. The lawsuit also accuses Tesla's directors of breaching their fiduciary duty by allowing the sales. Musk and Tesla have not commented on the allegations.
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