Is Tesla in trouble? Insider trade worth $7.5 billion under investigation

Elon Musk had insider knowledge of Tesla’s (NASDAQ: TSLA) impending failure to meet production and delivery targets when he sold more than $7.5 billion worth of stock in 2022, according to a lawsuit filed by a shareholder. Elon Musk’s insider sales of Tesla stock in 2022. Source: BarchartThe lawsuit claims that Tesla’s CEO was aware of nonpublic information that the company would miss its fourth-quarter goals when he sold his shares. The shareholder, Michael Perry, filed the suit in Delaware Chancery Court, ...