@AnActOfCreation@programming.dev to

News@lemmy.world • 6 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

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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 • 6 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.

Chat

Jojo, Lady of the West
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fedilink
2•6 months ago
Also, ETF stands for “exchange-traded-fund”. I like to know what the initial strand for
- @XTL@sopuli.xyz
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  fedilink
  2•6 months ago
  It is important. And in this case, it’s even exactly what it says on the label. As long as you know what a fund and an exchange are.

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