Elon Musk Accused Of Insider Trading By Investors In Dogecoin Lawsuit
Portfolio Pulse from Benzinga Newsdesk
Elon Musk is accused of insider trading in a Dogecoin lawsuit filed by investors. The lawsuit alleges that Musk manipulated the cryptocurrency's price through his tweets.
June 01, 2023 | 3:40 pm
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Tesla may face indirect consequences from Elon Musk's Dogecoin lawsuit, as it could impact Musk's reputation and investor confidence in the company.
Although the lawsuit is not directly related to Tesla, it involves the company's CEO, Elon Musk. Negative publicity surrounding Musk could potentially affect investor confidence in Tesla, leading to a short-term negative impact on the stock price.
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