Elon Musk Accused of Using Insider Info for Tesla Stock
Elon Musk, CEO of Tesla, is facing serious allegations from an institutional shareholder accusing him of using insider information to make billions by selling Tesla (TSLA.O) stock. The Employees’ Retirement System of Rhode Island (ERSRI) filed a lawsuit on Tuesday, claiming Musk and his brother, Kimbal Musk, made $30 billion from stock sales between late 2021 and the end of 2022. The suit requests the court to order Musk to return these “unlawful profits.”The timing of the lawsuit is notable, […]