🚨🇺🇸ELON, TESLA WIN DISMISSAL OF DOGECOIN MANIPULATION LAWSUIT

Elon and Tesla have won the dismissal of a federal lawsuit accusing them of defrauding investors by hyping the cryptocurrency dogecoin and conducting insider trading.

U.S. District Judge Alvin Hellerstein ruled in favor of Elon and Tesla, agreeing with their lawyers that the plaintiffs failed to prove their case despite multiple amended complaints over the past two years.

The investors had claimed Elon used social media, TV appearances, and other publicity stunts to artificially inflate dogecoin's price by over 36,000%, only to then sell off cryptocurrency holdings for profit.

However, Elon's lawyers argued there was nothing wrong with his "innocuous and often silly tweets" about dogecoin, and no evidence he or Tesla actually owned the wallets linked to suspicious trading.

The lawsuit, which originally sought $258 billion in damages, accused Elon and Tesla of insider trading and defrauding investors.

But the judge ultimately sided with the defendants, dismissing the case.

Source: Reuters