Elon Musk's Alleged Insider Trading at Tesla

SOURCE news.bloomberglaw.com
A shareholder is suing Elon Musk for allegedly selling Tesla stock based on nonpublic information about missed production and delivery targets, breaching his fiduciary duties. This comes amid ongoing legal disputes over Musk's stock purchases and disclosures.

Key Points

  • Elon Musk facing lawsuit for allegedly selling Tesla stock based on inside information
  • Accusations of breaching fiduciary duties and exploiting nonpublic information
  • Ongoing legal disputes over Musk's stock purchases and disclosures