$Tesla Motors(TSLA)$Elon Musk and two of his companies, Tesla and SpaceX, are facing a $258 billion lawsuit, according to Thursday reports.Bloomberg today reported that an American citizen is suing the world’s richest man for allegedly pumping Dogecoin. The lawsuit alleges that Musk was part of a racketeering scheme to back the cryptocurrency.“Defendants falsely and deceptively claim that Dogecoin is a legitimate investment when it has no value at all,” Keith Johnson, who filed the lawsuit, said in the complaint. Johnson is seeking class-action status for the suit and aims to represent other allegedly harmed investors.Dogecoin was originally designed in 2013 as a joke and to poke fun at Bitcoin. But it went from being an obscure “meme coin” to arg
My pick is Musk as he had already earned a lots from the Twitter shares that he bought. Everyone that follow him to buy now will be losing money as he claimed not to join the board and make the price down now.
The biggest winners are the shareholders of$Twitter(TWTR)$, as they stand to benefit from the visions of Elon Musk and his turnaround of the company. Now that he has turned down the offer to join its board, he has the option to boost his shareholding in the company, which is good for the minority shareholders.
Who are the winner? Definitely goes to Mr Musk. Market price now still 30% higher than his average price I guess?By the way, can see short volume is very high,let see how the fight goes...$Tesla Motors(TSLA)$$Twitter(TWTR)$