3 ms·

Yep. Musk is looking at possible insider trading charges. The DOJ will absolutely throw a rich guy in federal prison for that since the damage to the economy ca

Yep. Musk is looking at possible insider trading charges. The DOJ will absolutely throw a rich guy in federal prison for that since the damage to the economy can be enormous.

FighterMafia 8y ago
Hard to be insider trading if he didn't make any trades. Which he didn't.
- refoundglory 8y ago
  But did he tell any friends that he was lying, and did they trade on it before that was public news?
- simongr3dal 8y ago
  But he did make frivolous statements that affected the stock price of Tesla which can be seen as manipulating the stock market, which is a crime.
- brisance 8y ago
  He may not have traded but his compensation is tied to the stock’s value. Which is a criminal offense since he is a direct beneficiary.
sfifs 8y ago
He may have not insider traded but market manipulation is also a crime. It is on record that Elon was looking to hurt short sellers and making materially false statements about the company can be easily argued to be a criminal act used to do so. SEC Act - Sec 9(a)2 It is unlawful... or raising or depressing the price of such security, for the purpose of inducing the purchase or sale of such security by others.