Tesla Trader's Wild Bet On Elon Musk's Company Ends In A $306M Lawsuit Spiral
Portfolio Pulse from Benzinga Neuro
A Canadian trader, Christopher DeVocht, turned a $65,000 investment into $306 million by betting on Tesla stock, but lost it all during the 2022 bear market. He is now suing RBC and Grant Thornton for inadequate advice. Tesla's stock remains a focus with upcoming catalysts like Robotaxi Day.
October 08, 2024 | 2:38 am
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Tesla's stock was central to a Canadian trader's massive gains and subsequent losses, leading to a lawsuit against his advisors. Despite past volatility, Tesla's stock is poised for potential catalysts like Robotaxi Day.
The lawsuit highlights the volatility and risks associated with Tesla's stock, which was central to the trader's financial journey. However, the stock's future potential remains with upcoming events like Robotaxi Day, which could act as catalysts.
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