… If you own Tesla stock … look Tesla’s SEC filings do not currently include a risk factor saying “Elon Musk is a loose cannon who will alienate approximately all of our customers by going all-in on Donald Trump, and then also alienate Donald Trump.” Is that securities fraud? If there is one essential theme of this column (that is not legal advice) it is that everything is securities fraud, and hoo boy.
I often have occasion to see a stock drop and think “ahh that’ll be a fun lawsuit,” but I have never looked forward to a securities fraud lawsuit more than this one. These ones….
Source: Musk v. Trump