A Tesla investor filed a new lawsuit against company CEO Elon Musk. Elon Musk is accused of selling shares knowing in advance that the shares would fall.
Billionaire businessman Elon Musk for his role as CEO of Tesla again was sued. According to this lawsuit filed by a Tesla investor named Michael Perry, the billionaire businessman knew that Tesla would lose value in 2022. exceeding $7 billion had sold shares.
According to Michael Perry’s claim, Elon Musk will acquire Tesla in the last quarter of 2022. He knew he couldn’t reach the goal.. As a natural consequence of this, there would be a decline in stocks. Here is Elon Musk in November – December 2022 because he knew this in advance 7 billion 530 million 113 thousand 926 dollars He disposed of shares worth
According to the lawsuit, Elon Musk made a 55 percent profit with this move
Michael Perry by selling Elon Musk’s Tesla shares early by 55 percent He says he made unfair profits. We examined Tesla shares to see if this claim is true. According to this; We saw that the shares were over $200 in October 2022 and dropped to $113 in January 2023. Well The claim is likely to be true.
RELATED NEWS
Elon Musk’s 55 Billion Dollar Salary Agreement with Tesla Disturbed Investors: Statement from Musk Was Not Delayed
Elon Musk and his lawyers have denied any involvement in the matter. They did not make a statement. However, it is obvious that Elon Musk is experiencing a series of disagreements with Tesla. Let’s see how this event will affect the billionaire businessman…
Source :
https://www.businessinsider.com/elon-musk-accused-insider-trading-tesla-investor-7-5-billion-2024-5