Tesla investor Michael Perry sued Elon Musk for insider trading. He accused Musk of selling $7.5B worth of Tesla stock, knowing the company would miss Q4 targets.
A Tesla shareholder filed a lawsuit on Thursday accusing CEO Elon Musk of insider trading when he sold over $7.5 billion of shares of the electric car maker in late 2022, saying the billionaire entrepreneur sold the shares before potentially disappointing production and delivery numbers were made public.
Tesla chief Elon Musk was accused of selling more than $7.5 billion worth of Tesla stock in late 2022 as part of an insider trading move, according to a lawsuit filed by a Tesla shareholder Thursday, who accused Musk of exploiting his position and breaching fiduciary duties.
It's shaping up to be another great year for investors, with the market building on last year's gains amid continued positive sentiment. The artificial intelligence (AI) theme continues to be the dominant story, with many large-cap tech companies enjoying tailwinds.
Analysts at Jefferies expect an eventful three months ahead for Tesla Inc (NASDAQ:TSLA), notably “more governance drama” at its annual general meeting (AGM) coming up on June 13. At the meeting, shareholders will vote on whether CEO Elon Musk should receive an approximately $56 million pay package.
BYD, which just unveiled hybrids offering a range of 1,300 miles, will report May sales, along with Nio, Li Auto, XPeng and more.
Tesla shareholders will vote on June 13 to ratify CEO Elon Musk's $56 billion pay package that was voided by a Delaware judge in January. Also coming up is the re-election of directors, including Musk's younger brother, Kimbal.
Tesla (NASDAQ: TSLA ) recalls are a hot topic on Friday as more of the company's electric vehicles (EVs) are facing problems in 2024. This latest batch of recalls more than 125,000 of Tesla's EVs.
Morgan Stanley analyst Adam Jonas is upbeat on the opportunity for artificial intelligence to generate significant value for electric-vehicle firm Rivian.
Tesla shareholders have been urged to vote against plans to pay its chief executive Elon Musk up to $56bn (£44bn).
The affected Tesla vehicles experienced an issue in which “the seat belt warning light and audible chime may not activate as intended” when the driver is unbelted, the National Highway Traffic Safety Administration said.
Tesla (TSLA) braces up to register its FSD software with authorities in China to inch closer to its target of launching the technologically advanced feature this year.