- Reuters
Tesla shareholder sues Musk for alleged $7.5 billion insider trading
Shareholder Michael Perry, in the lawsuit filed in Delaware Chancery Court, said that Tesla's share price plummeted after the company's fourth-quarter numbers were made public on Jan. 2, 2023, and claimed that Musk "improperly benefited" by about $3 billion in insider profits. "Musk exploited his position at Tesla, and he breached his fiduciary duties to Tesla," the lawsuit said, asking the court to direct Musk to return the profits made from the trades.
- Fortune
Elon Musk slams Trump’s ‘trivial’ hush-money verdict, saying it did ‘great damage’ to the legal system
The Tesla CEO is one of several corporate leaders leaping to Trump’s defense after his conviction on 34 felony charges.
