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.
    • afraid_of_zombies@lemmy.world
      5·
      27 days ago

      Well not for me and you. I have worked for public traded companies before and they would announce blackout periods where we weren’t able to sell. Since we worked inside the company and knew stuff the general public wouldn’t.

      Part of the many reasons why I won’t do another 401k and instead use a Roth.

      • spidermanchild@sh.itjust.works
        51·
        27 days ago

        What does a Roth vs 401k have to do with any of this? I buy index funds in both accounts, nothing to do with company stock programs whatsoever.

    • UnrepententProcrastinator@lemmy.ca
      31·
      27 days ago

      Well you have to account all the stress the poor people in power have to contend with each day. A little bonus at the end of the line is not that big of a deal. /s