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Elon Musk Accused of $7.5 Billion Insider Trading by Tesla Investor

May 31, 2024, 08:25 PM

Elon Musk is facing allegations of insider trading, with a Tesla shareholder claiming that Musk sold over $7.5 billion in Tesla stock in 2022 while having inside knowledge of missed production and delivery targets. The lawsuit accuses Musk of leveraging this confidential information to avoid potential losses, raising questions about his adherence to securities laws. The investor suit highlights concerns over Musk’s actions during a critical period for Tesla.