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.
  • r00ty@kbin.life
    10·
    5 months ago

    If you’re using the ETF as a long term investment and you believe EVs are key to our future then you shouldn’t worry about this too much (unless the ETF is made up of mostly TSLA in which case I’d not be too happy).

    You’ve not lost money until you take it out of your investment.

    • Cyborganism@lemmy.ca
      11·
      5 months ago

      True.

      And Tesla is in the top 10 stocks with the highest percentage in the ETF. But doesn’t hold as much importance as it used to it seems.

      I just went and looked again and now the #1 is Nvidia. It used to be Tesla. I guess whoever is managing the fund was good enough to see what was going on and modified the investments.