#ellonmusk
Elon Musk, Tesla, and SpaceX
are being sued for $258 billion.
They're accused of insider trading and market manipulation involving Dogecoin.✨️
The lawsuit says Musk used his influence and social media to make Dogecoin's value go up, then made money when it dropped.
This allegedly caused big losses for investors.
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🚨 Elon Musk Under Fire: $258 Billion Lawsuit Over Alleged Dogecoin Insider Trading 🚨

Tech titan Elon Musk, alongside his companies Tesla and SpaceX, is facing a mammoth $258 billion lawsuit. The claim? Insider trading and market manipulation linked to $DOGE . Accusers argue Musk wielded his massive social media presence to pump up Dogecoin's value, only to cash in when it soared and then plummeted. This legal battle could have serious repercussions for investors.

#BTC☀ #ellonmusk #LawsuitUpdate

#ellonmusk #tesla Musk overruled a significant number of Tesla engineers who warned him that switching to a visual-only system would be problematic and possibly unsafe due to its high risk of increasing the rate of accidents. His own team knew their systems weren’t up to the task, but Musk believed he knew better than the industry experts who helped propel Tesla to the forefront of autonomous technology and ploughed on with this egocentric, counterproductive plan. He even disabled sensors in older models so that pretty much the entire Tesla fleet went visual-only.

Unfortunately, this fiasco has a rather macabre backstory that elevates it from a bad business decision to outright disgraceful behaviour. The Department of Justice is currently investigating Tesla for a series of accidents — some fatal — that occurred while their autonomous software was in use. In the DoJ’s eyes, Tesla’s marketing and communication departments sold their software as a fully autonomous system, which is far from the truth. As a result, some consumers used it as such, resulting in tragedy. The dates of many of these accidents transpired after Tesla went visual-only, meaning these cars were using the allegedly less capable software. (Read more here

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