Elon Musk Claps Back At Facebook Co-Founder's Consumer Fraud Accusations Against Tesla: 'Should Go To Jail For Impersonating A Smart Person'
Portfolio Pulse from Ananya Gairola
Elon Musk, CEO of Tesla Inc (NASDAQ:TSLA), has responded to accusations of consumer fraud made by Facebook co-founder Dustin Moskovitz. Moskovitz accused Tesla of fraudulent practices similar to Enron, including lying about Full Self-Driving capabilities, range, and possibly inflating odometers. He also criticized Tesla's financial practices, particularly in recognizing deferred revenue. Musk dismissed Moskovitz's allegations on X, mocking him. This controversy comes as Tesla faces a 9% revenue decrease year-over-year in Q1 2024.
April 27, 2024 | 1:45 am
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Tesla Inc faces accusations of consumer fraud by Dustin Moskovitz, impacting its public image and potentially its stock price, amidst a reported 9% revenue decrease in Q1 2024.
The accusations by a high-profile tech figure like Moskovitz could lead to increased scrutiny and negative public perception, affecting investor confidence. Coupled with the reported revenue decrease, this could exert downward pressure on Tesla's stock price in the short term.
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