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Comment by nurettin

10 hours ago

https://www.forbes.com/sites/antoniopequenoiv/2024/05/31/tes...

> Musk sold 19.5 million Tesla shares worth about $3.95 billion in November 2022

I mean sure it is his to sell, but how is that different?

8 comments

nurettin

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_heimdall  5 hours ago

So is your issue here that a CEO makes public claims if his company that may be predictions or aspirations for the future, then sells shares he owns in the company to buy another company?

  • nurettin  4 hours ago

    Exactly my issue. The same way scams are "predictions and future aspirations".

    • _heimdall  1 hour ago

      Fair enough. I may just be cynical enough to assume CEOs are always talking out of their ass with regards to the future, but I do understand if people would rather things not work this way.

spullara  10 hours ago

That was to buy Twitter.

  • pastel8739  8 hours ago

    Does using the money from the dump to do something else make it no longer a dump?

    • eru  6 hours ago

      I'm fairly sure this was not a pump-and-dump.

      My evidence is that in America people sue for these things left and right all the time. It's a popular pastime for lawyers to get a class action lawsuit for securities fraud together. But as far as I can tell, Musk / Tesla weren't convicted of these things in conjunction with the sale of Tesla stock to buy Twitter.

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