The object of the crime: a fraudulent tweet from 2018, in which Elon Musk claimed to have the necessary financing to take Tesla out of the stock market, which had strongly influenced the share price.
On August 10, a complaint was filed against him for having "artificially manipulated the price of Tesla's stock in order to completely ruin investors" who bet on the price drop.
He lost 200 billion dollars
The opening of this lawsuit falls rather badly for Musk who has lost more than 200 billion dollars in one year, which makes him the first person in history to lose such a fortune in such a short time.
Tesla's stock market setbacks have a lot to do with it since the brand lost two-thirds of its value in 2022. A 65% drop on Wall Street which cost Elon Musk a whopping $133 billion.
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