The Tesla CEO faces claims he pocketed $3 billion in ill-gotten gains in late 2022 after learning Q4 vehicle sales would not deliver the 'epic end of year' he promised investors.
  • 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.
  • Cyborganism@lemmy.ca
    0·
    5 months ago

    True.

    And Tesla is in the top 10 stocks with the highest percentage in the ETF. But doesn’t hold as much importance as it used to it seems.

    I just went and looked again and now the #1 is Nvidia. It used to be Tesla. I guess whoever is managing the fund was good enough to see what was going on and modified the investments.