Elon Musk's Huge Tesla Stock Pump & Alleged Fraud
In May, a U.S. judge dismissed Tesla's attempt to dismiss a lawsuit alleging that the electric car company misled owners about the potential for self-driving capabilities in its vehicles.
Tesla, Elon Musk, and others have engaged in massive stock fraud and other kinds of fraud over many years, a new lawsuit alleges. The lawsuit alleges that Tesla and Elon Musk have engaged in a scheme to inflate the price of Tesla stock by manipulating the market and broadcasting propaganda on social media. The lawsuit also alleges that Elon Musk lied in public when he claimed Tesla doesn’t pay for advertisements.
In May, a U.S. judge dismissed Tesla's attempt to throw out a lawsuit alleging that Elon Musk's electric car company misled owners about the potential for self-driving capabilities in their vehicles.