Tesla Investor Sues Elon Musk for $7.5B Insider Trading

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Source: Seeking Alpha
Tesla Investor Sues Elon Musk for $7.5B Insider Trading
Photo: Seeking Alpha
TL;DR Summary

Tesla investor Michael Perry has filed a $7.5 billion insider trading lawsuit against Elon Musk, alleging that Musk sold company stock before disappointing Q4 results were made public, improperly benefiting by $3 billion. The lawsuit also accuses Tesla directors of failing to prevent the sales and seeks to have Musk return the profits.

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