According to PANews, Elon Musk and his company Tesla successfully dismissed a federal lawsuit that accused them of defrauding investors by exaggerating the value of Dogecoin and insider trading, causing billions of dollars in losses. Manhattan District Judge Alvin Hellerstein ruled that Musk's tweets were idealistic and exaggerated and could not be used as the basis for securities fraud lawsuits, dismissing investors' market manipulation and insider trading allegations. Investors initially sought $258 billion in compensation and amended the complaint four times. Musk's lawyers said his tweets were harmless and there was no evidence that he or Tesla engaged in suspicious transactions.

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