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I highly doubt this particular lawsuit will go anywhere but dismissal.
Well, the suit that overturned his bonus was a single shareholder suit and that one was obviously successful.
I have been surprised there haven’t been more shareholder suits to be honest. They could challenge fiduciary responsibility on the basis of him robbing Peter to pay Paul by raiding Tesla for engineers, not to mention dividing his own time and effort between too many unrelated interests.
This is just too torturous to prove without a miracle in discovery. A summary judgement would throw it out. And I just don't see a judge allowing discovery without a very compelling reason. I don't see any.
The share price dropped in response to him selling, not because he knew it would drop before he sold due to some inside track in the company.
I agree there's a good amount of shit this bozo could be nailed on by his shareholders, I just don't think this is remotely it.
Depends on how much old money is behind it. Elon is rich, but he isn’t shit compared to old money.
Only worse people to piss off are the Saudis. I cannot wait for him to fold to those guys. Will be Elon’s end, and he will be serving McDonalds somewhere.
It looks like a nuisance lawsuit by a single investor as an excuse to go fishing with discovery. That dog won't hunt.