- 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.
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.
So you’re saying they’re never getting their comeuppance?
Not under a Biden government, no
How could a CEO of any company trade his own stock from the company and not be insider trading?
The fact they are allowed to control stock is laughable… At best, stock from the company you control should be in a blind trust (which would still be laughable but we can at least pretend)
The SEC has already proved itself absolutely toothless. Even if it was illegal, who would prosecute?
