Musk accused of improperly selling $7.5 billion in Tesla stock before weak sales report that crashed its price
“Musk profited from his misconduct and his exploitation of material and adverse inside information,” alleged the suit, filed by shareholder Michael Perry. The suit requests that Musk return the profits on the stock sale to the company, as well as attorney fees and other costs to Perry for bringing the suit.
Musk likely knew the weaker sales report was coming at the time of the sale, the suit charges. Tesla reduced its prices in China by as much as 9% on October 24, 2022, starting a string of price cuts that has driven down prices of electric vehicles by Tesla and other automakers in the face of weaker-than-forecast sales.
https://edition.cnn.com/2024/06/04/busin...index.html
“Musk profited from his misconduct and his exploitation of material and adverse inside information,” alleged the suit, filed by shareholder Michael Perry. The suit requests that Musk return the profits on the stock sale to the company, as well as attorney fees and other costs to Perry for bringing the suit.
Musk likely knew the weaker sales report was coming at the time of the sale, the suit charges. Tesla reduced its prices in China by as much as 9% on October 24, 2022, starting a string of price cuts that has driven down prices of electric vehicles by Tesla and other automakers in the face of weaker-than-forecast sales.
https://edition.cnn.com/2024/06/04/busin...index.html
teachings of the Bible are so muddled and self-contradictory that it was possible for Christians to happily burn heretics alive for five long centuries. It was even possible for the most venerated patriarchs of the Church, like St. Augustine and St. Thomas Aquinas, to conclude that heretics should be tortured (Augustine) or killed outright (Aquinas). Martin Luther and John Calvin advocated the wholesale murder of heretics, apostates, Jews, and witches. - Sam Harris, "Letter To A Christian Nation"
