Author: dumbcapital

Tesla shareholder files suit, accuses Musk, electric car firm of securities fraud

A Tesla shareholder filed a lawsuit against the Palo Alto-based electric car manufacturer and CEO Elon Musk, accusing the eccentric billionaire of scheming “to artificially manipulate the price of Tesla stock to completely decimate the company’s short-sellers” and hurting other Tesla securities owners as collateral damage. Shareholder Kalman Isaacs filed the lawsuit, which seeks class-action…

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