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 – 897 points –
Musk accused of selling $7.5 billion of Tesla stock before releasing disappointing sales data that plunged the share price to two-year low
fortune.com
  • 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.
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What a joyous year if we could get Trump and Elon in jail this year.. They could be roomies!

Neither of them are going to prison. Trump's judge explicitly said as much during his 10th contempt citation, and Musk has been pissing on the leg of the SEC for the last five years straight with no consequences.

Please no, we don't need them plotting together in jail

Would be a pretty funny "prison break esque" movie though.

The key to escape is Donald's tiny hands can reach things other prisoners hands are to big for.

And Elmo creates the perfect diversion by convincing every other prisoner to invest in prison coins, only to pump and dump em causing a riot.