Allegations Against Elon Musk for Selling $7.5 Billion in Tesla Stock Before Sales Data Impact

Monday, 3 June 2024, 14:15
Elon Musk is under scrutiny for reportedly selling $7.5 billion in Tesla stock prior to a steep decline in share prices following disappointing sales data. The accusations detail that by cashing out before the release of lower-than-expected Q4 vehicle sales, Musk may have gained $3 billion in an alleged scheme that impacted market confidence.
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Allegations Against Elon Musk for Selling $7.5 Billion in Tesla Stock Before Sales Data Impact

Allegations Against Elon Musk

Elon Musk is facing accusations of selling $7.5 billion in Tesla stock before a significant decrease in share price.

Ill-Gotten Gains

Claims suggest Musk may have pocketed $3 billion in profits unlawfully following knowledge of lower Q4 vehicle sales.

Market Impact: The sales data led to a two-year low in Tesla's share price, raising concerns about Musk's alleged actions.

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