Tag Archives: insider trading

Tesla CEO Elon Musk is facing a shareholder lawsuit alleging he engaged in $7.5 billion worth of insider trading. The lawsuit, filed by Tesla investor Michael Perry in Delaware Chancery Court, claims that Musk had inside knowledge of Tesla’s impending miss on production and delivery numbers for the fourth quarter of 2022 when he sold over $7.5 billion in company stock.

A Texas man has found himself at the center of a scandal involving illegal trading on his wife's conversations with her colleagues, resulting in nearly $2 million in profits. The US Securities and Exchange Commission (SEC) has filed a case shedding light on the alarming trend of eavesdropping among couples during the work-from-home (WFH) era.