Tesla investor accused Elon Musk of insider trades worth $7.5B
How did the value of Tesla's stock change after the Q4 results were released in January 2023?
The value of Tesla's stock experienced a decline after the Q4 results were released in January 2023. The company missed the expectations for the quarter, which led to a drop in its stock price. However, the specific percentage or value of the decline is not mentioned in the provided information.
What statements did Elon Musk make in the October 2022 earnings call regarding Tesla's performance in the fourth quarter?
In the October 2022 earnings call, Elon Musk made statements regarding Tesla's performance in the fourth quarter, emphasizing that the demand for their products was strong and that they expected to sell every car they made for as far into the future as they could see. He also mentioned that Q4 was looking extremely good and that they had excellent demand for that quarter.
What are the implications of Chancellor Kathaleen McCormick's previous rulings for the current lawsuit against Musk?
Chancellor Kathaleen McCormick's previous rulings suggest that she is a fair and impartial judge who holds corporate executives to high standards of behavior. In the past, she has ruled against a private equity firm that tried to back out of a takeover deal and a CEO who shortchanged his own shareholders when he sold his company6. She has also tangled with Musk before, overseeing Twitter's lawsuit against him when he tried to break his $44 billion contract to buy the social media platform.
In the current lawsuit against Musk, McCormick's reputation for demanding high standards of corporate behavior and her previous rulings against powerful executives suggest that she will carefully consider the evidence and make a fair ruling based on the law. Her ruling in the Twitter case, in which she rejected Musk's foot-dragging tactics and pushed for a swift resolution, indicates that she is not easily intimidated by powerful individuals like Musk. However, it is important to note that each case is unique and must be decided on its own merits, so McCormick's previous rulings do not necessarily predict the outcome of the current lawsuit against Musk.