Ruh roh...
Elon Musk accused of selling $7.5 billion of Tesla stock before releasing disappointing sales data that plunged the share price to two-year lowElon Musk faces allegations that he illegally sold $7.5 billion worth of equity in Tesla in the fourth quarter of 2022, knowing that the business would disappoint after promising investors an “epic end of year.”In a lawsuit filed with a Delaware court late last week, shareholder Michael Perry accused both the CEO of deliberately unloading nearly 45 million shares in advance of poor vehicle sales data to prevent an estimated 55% hit in value, and almost the entire board of collectively violating their responsibility of directors toward shareholders.“By disposing of $7,530,113,926 worth of Tesla stock in November and December 2022 while he was in possession of adverse, material non-public information, E. Musk exploited his position at Tesla, and he breached his fiduciary duties to Tesla,” the lawsuit claims, adding other directors were both “knowing and culpable” as well.
Elon Musk faces allegations that he illegally sold $7.5 billion worth of equity in Tesla in the fourth quarter of 2022, knowing that the business would disappoint after promising investors an “epic end of year.”
In a lawsuit filed with a Delaware court late last week, shareholder Michael Perry accused both the CEO of deliberately unloading nearly 45 million shares in advance of poor vehicle sales data to prevent an estimated 55% hit in value, and almost the entire board of collectively violating their responsibility of directors toward shareholders.
“By disposing of $7,530,113,926 worth of Tesla stock in November and December 2022 while he was in possession of adverse, material non-public information, E. Musk exploited his position at Tesla, and he breached his fiduciary duties to Tesla,” the lawsuit claims, adding other directors were both “knowing and culpable” as well.
https://fortune.com/2024/06/03/elon-musk-tesla-insider-trading-lawsuit-board-directors/
― Mrs. Ippei (Steve Shasta), Tuesday, 4 June 2024 03:08 (four weeks ago) link
Elon's response: poop emoji
― Iacocca Cola (Neanderthal), Tuesday, 4 June 2024 03:15 (four weeks ago) link
also decided to unilaterally call nvidia and tell them to prioritize his xAI/X order over Tesla’s order, when the former is a privately-held flight of fancy and the former could, in theory, in some way help the publicly-held business
― ɥɯ ︵ (°□°) (mh), Tuesday, 4 June 2024 20:10 (four weeks ago) link
how long until he tries to swing a purchase of X/xAI by Tesla, SolarCity-style?
― ɥɯ ︵ (°□°) (mh), Tuesday, 4 June 2024 20:11 (four weeks ago) link
decided to unilaterally call nvidia and tell them to prioritize his xAI/X order over Tesla’s order
― ɥɯ ︵ (°□°) (mh), Tuesday, June 4, 2024 4:10 PM (two minutes ago) bookmarkflaglink
seems like fireable, litigatable offense
― lag∞n, Tuesday, 4 June 2024 20:14 (four weeks ago) link
or at least one that doesn't deserve a $56 billion bonus
― mookieproof, Tuesday, 4 June 2024 22:43 (four weeks ago) link
That teslamommy Twitter account seems to have been organising Tesla stock owners to vote for the package, trying to reverse the usual trend that retail investors never vote.
― Andrew Farrell, Wednesday, 5 June 2024 09:06 (four weeks ago) link
luv 2 relax in my stainless steel claustrophobia generator
If you ever get kicked out of the house by your significant other for buying the Cybertruck, you know where you can still sleep in style pic.twitter.com/bAPBa2rpsT— Teslaconomics (@Teslaconomics) February 2, 2024
― katy perry (prison service) (bizarro gazzara), Sunday, 9 June 2024 16:13 (three weeks ago) link
I would not trust that thing to allow me back out of the trunk once I had crawled in.
― Instead of create and send out, it pull back and consume (unperson), Sunday, 9 June 2024 16:21 (three weeks ago) link
they've lost the mommybloggers https://www.threads.net/@i_am_random_sarah/post/C8IsAQ2yeS7
― 龜, Thursday, 13 June 2024 13:37 (two weeks ago) link
You hate to see it
https://www.nbclosangeles.com/news/local/tesla-autopilot-crashes-police-patrol-car-fullerton/3436547/
― omar little, Friday, 14 June 2024 14:33 (two weeks ago) link
Teslas are cool now
― Chyiv Kyiv (Fetchboy), Saturday, 15 June 2024 02:03 (two weeks ago) link
tesla autopilot is praxis
― lag∞n, Saturday, 15 June 2024 02:58 (two weeks ago) link
tend not to look at tesla truck content cos frankly the whole thing is completely embarrassing but it is objectively hilarious looking at this guy having to make it go by *pulling a piece of string*.
lmao this fuckin piece of shit costs $100k and is less than 6 months oldthe "fix" for when it breaks is to peel back a plastic panel and pull a string to break it in a different way pic.twitter.com/eULv6SHIQM— 𝕏eͤ✞ꌚe͎n̆̈♨𝕏⊍תּḋᥑy҉҉ (@JetsenSunday) June 14, 2024
― Fizzles, Saturday, 15 June 2024 07:23 (two weeks ago) link
NEW:Elon Musk’s Neuralink has been sued by a staffer who says she got scratched on the face by a herpes-carrying monkey-- then was fired a day after she said she was pregnant. https://t.co/cIRPv2q2Nh— Gabe Hoffman (@GabeHoff) June 15, 2024
― papal hotwife (milo z), Saturday, 15 June 2024 07:51 (two weeks ago) link
The headlines are just going to be Mad Libs from here on in...
― Elvis Telecom, Saturday, 15 June 2024 07:54 (two weeks ago) link
He got his $56b tho
― a based robot like Bender (stevie), Saturday, 15 June 2024 09:54 (two weeks ago) link
this shit is wild, nasa boss who approved this boondoggle works at spacex now
https://www.youtube.com/watch?v=nxG0WAwwrGk
― lag∞n, Saturday, 15 June 2024 12:46 (two weeks ago) link
lol
https://www.bnnbloomberg.ca/polopoly_fs/1.2078062.1716912319!/fileimage/httpImage/image.png_gen/derivatives/landscape_620/image.png
― I painted my teeth (sleeve), Saturday, 15 June 2024 22:57 (two weeks ago) link
yikes
― lag∞n, Saturday, 15 June 2024 22:59 (two weeks ago) link
seems like word of mouth works both ways. now show us tesla's drop in sales just in China.
― more difficult than I look (Aimless), Sunday, 16 June 2024 00:15 (two weeks ago) link
there it is
🚨 BREAKING WSJ:SEC likely to seek enforcement action barring Elon Musk as public company officer / director, former SEC officials sayMusk deliberately violated securities laws requiring 13-D filing when he crossed 5% ownership of Twitter stock, disclosed 11 days late at 9% pic.twitter.com/GrYqLanHO1— Gabe Hoffman (@GabeHoff) June 17, 2024
― 𝔠𝔞𝔢𝔨 (caek), Monday, 17 June 2024 17:46 (two weeks ago) link
wow
― lag∞n, Monday, 17 June 2024 18:07 (two weeks ago) link
does he still get his $50b
― lag∞n, Monday, 17 June 2024 18:08 (two weeks ago) link
it goes to me now
― mark s, Monday, 17 June 2024 18:15 (two weeks ago) link
Coincidentally mark I was wondering if I could get $35 million from you
― Cemetry Gaetz (DJP), Monday, 17 June 2024 18:45 (two weeks ago) link
i also could use $35m if its not too much trouble
― lag∞n, Monday, 17 June 2024 19:02 (two weeks ago) link
wow shows you who your fake friends are when they come clamoring for your paper when you make it, i (a real friend) on the other hand will settle for $100,000
― polyamerie "it's more than this 1 thing" (m bison), Monday, 17 June 2024 19:14 (two weeks ago) link
I don't want a handout. I want a hand up.
― A So-Called Pulitzer price winner (President Keyes), Monday, 17 June 2024 19:15 (two weeks ago) link
speak for yourself, i would very much like a handout
― polyamerie "it's more than this 1 thing" (m bison), Monday, 17 June 2024 19:18 (two weeks ago) link
upon reflection i actually need $50m thanks in advance
― lag∞n, Monday, 17 June 2024 19:24 (two weeks ago) link
$35 mil works for me thanks ahead of time, will also take the $34.9 bise is leaving on the table if that makes things a little easier on everyone ta ta
― Clay, Monday, 17 June 2024 19:25 (two weeks ago) link
https://www.theonion.com/americas-homeless-want-a-hand-up-not-a-handout-vs-i-w-1819594266
― Gigi Allen (Boring, Maryland), Monday, 17 June 2024 19:44 (two weeks ago) link
Elon Musk had a sexual relationship with a former SpaceX intern, who he later hired onto his executive team, according to The Wall Street Journal. He also had a sexual relationship with a second employee. And a third woman alleged that Musk asked her several times to have his children; she refused. He then denied her a raise and complained about her performance.
https://www.theverge.com/2024/6/12/24176705/spacex-elon-musk-gwynne-shotwell-sexual-relationships
― lag∞n, Monday, 17 June 2024 19:53 (two weeks ago) link
Just an absolute shitstain, on every level. Second only to Trump in the list of people I hope to never ever have to think about again.
― Maxmillion D. Boosted (jon /via/ chi 2.0), Monday, 17 June 2024 19:55 (two weeks ago) link
all these are malicious and evil but the horse story really puts a pin in how pathetic it all is
― ɥɯ ︵ (°□°) (mh), Monday, 17 June 2024 20:36 (two weeks ago) link
That is not what expected when I heard “the horse story”
― Cemetry Gaetz (DJP), Tuesday, 18 June 2024 02:05 (two weeks ago) link
I may have been intentionally vague there
― ɥɯ ︵ (°□°) (mh), Tuesday, 18 June 2024 14:06 (two weeks ago) link
https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:cfy5rgqvohpdqxgu2geb5u2b/bafkreidl3wskzlirb2ze553nq5oszzikrri3qur5hqdzblnxptc4cusygu@jpeg
https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:cfy5rgqvohpdqxgu2geb5u2b/bafkreig4ameitq7ozc6gv4hte5a5adu2gw25j3ilyku6romqjbexj6agzu@jpeg
old enough to remember the major scandal when a tiny percentage of toyotas might have been defective
― lag∞n, Tuesday, 25 June 2024 01:14 (one week ago) link
Old enough to remember when it was Audis before that.
― Elvis Telecom, Tuesday, 25 June 2024 07:18 (one week ago) link
??? pic.twitter.com/MjAay9kgFz— Ken Klippenstein (@kenklippenstein) June 26, 2024
― A So-Called Pulitzer price winner (President Keyes), Thursday, 27 June 2024 15:53 (six days ago) link
Personally intervening to give an update on restoring the account of someone who was banned for posting a picture of a child being horribly abused is definitely a choice
― Cemetry Gaetz (DJP), Thursday, 27 June 2024 16:27 (six days ago) link
and its not even the first time
― lag∞n, Thursday, 27 June 2024 16:28 (six days ago) link
You know Elon has terabytes of CSA on a hard drive labeled “epic wow”.
― Gigi Allen (Boring, Maryland), Thursday, 27 June 2024 16:36 (six days ago) link