Tesla owner Elon Musk for earning three billion dollars by insider trading

One of the company's shareholders has sued Elon Musk, the owner of the Tesla company, for earning three billion dollars through insider trading.

In November and December of 2022, after learning about the company's poor car sales, Musk sold his shares worth about $7.5 billion, according to Michael Perry, one of the shareholders in the company. After the publication of the fourth quarter report on January 2, the share price of the company fell sharply.

It is said that if Musk had sold the shares after the report was published, he would have received a 55 percent lower price. In 2022, Musk claimed that the demand for the Tesla company's cars was high, but in mid-November, when the company's sales were not as expected, it is mentioned in the case that he sold shares before the report was published.

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