Elon Musk Tesla

2022 - 6 - 17

Elon Musk hit with Tesla investor lawsuit over 'toxic' work culture (Financial Post)

An environment of discrimination and harassment has exposed Tesla to millions in potential liability, the complaint alleges. Read more.

Tesla didn’t immediately respond to a request for comment. “Tesla’s toxic workplace culture has caused financial harm and irreparable damage to the company’s reputation.” Article content

Post cover — Image courtesy of "Euronews"

Elon Musk, Tesla and SpaceX sued for $258 billion over alleged ... (Euronews)

Musk's tweets on Dogecoin, including one where he called it the "people's crypto", have caused massive swings in its price.

A lawyer for Johnson did not immediately respond to requests for comment on what specific evidence his client has or expects to have that proves Dogecoin is worthless and the defendants ran a pyramid scheme. "Musk used his pedestal as World's Richest man to operate and manipulate the Dogecoin Pyramid Scheme for profit, exposure and amusement". Tesla and SpaceX CEO Elon Musk is being sued for $258 billion (€245 billion) by a Dogecoin investor who accuses him of running a pyramid scheme to support the cryptocurrency.

Tesla shareholder sues Elon Musk, board over 'toxic workplace ... (New York Post)

A Tesla investor has accused CEO Elon Musk and the board of directors of damaging shareholders by ignoring a “toxic workplace culture” that has taken hold ...

He wants to represent a class of people who have lost money investing in dogecoin. As The Post reported at the time, the California’s DFEH complaint includes allegations that that Tesla employees, including managers, used racial slurs including the N-word, “monkey toes,” “porch monkey” and “hood rat.” Chau claims that Tesla’s failure to address the problem has caused the company to lose “high quality employees” and opened up the firm to various penalties and fines.

Elon Musk, Tesla, SpaceX Sued By Dogecoin Investor For $258 ... (Paste Magazine)

A Dogecoin investor filed a federal lawsuit against Musk and the companies he chairs alleging that the billionaire engaged in a "Dogecoin Pyramid Scheme" ...

According to Ross Nicoll, one of the developers that worked with Musk, the Tesla CEO offered to fund their work and continued to provide advice after they declined his offer. After that initial April 2019 tweet, Musk continued tweeting about Dogecoin, which coincided with spikes in both searches of the meme coin and its increase in value. In 2019, he began advising a team of part-time Dogecoin developers to improve the efficiency of its blockchain. At its peak in May 2021, Dogecoin was worth $0.73 USD. This high mark coincided with Musk’s appearance on Saturday Night Live, and the coin tumbled almost immediately after. He is seeking $86 billion (equitable to the overall loss in value since Dogecoin’s peak in May 2021) and wants the value tripled. As of Thursday, Dogecoin’s current value sits at $0.056 USD.

Investor Sues Elon Musk, Tesla and SpaceX for $258000000000 ... (The Daily Hodl)

A disgruntled investor is suing Elon Musk and his companies Tesla and SpaceX for a whopping $258 billion, claiming they propped up a "crypto pyramid scheme" ...

The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. He also claims Musk and his companies made $86 billion “as a result of their wire fraud, gambling enterprise, false advertising, deceptive practices, and other unlawful conduct.”

Elon Musk, Tesla, SpaceX sued for $258B in Dogecoin scheme (Anadolu Agency)

Plaintiff also asks Dogecoin trading to be declared gambling under federal, state law - Anadolu Agency.

"Defendants falsely and deceptively claim that Dogecoin is a legitimate investment when it has no value at all. The plaintiff uses Musk's memes and tweets, in which he refers to himself as "Dogefather", as evidence, and argues that the CEO has been controlling the price of the cryptocurrency. "Musk used his pedestal as World's Richest man to operate and manipulate the Dogecoin Pyramid Scheme for profit, exposure and amusement," said the complaint that was filed in a federal court in Manhattan on Thursday. "Defendants were aware since 2019 that Dogecoin had no value yet promoted Dogecoin to profit from its trading.

Tesla investor sues Elon Musk for fostering 'toxic' workplace culture ... (Fortune)

Musk “either knew, was reckless, or was grossly negligent in disregarding the illegal activity of such substantial magnitude and duration,” stockholder ...

“Tesla’s toxic workplace culture has caused financial harm and irreparable damage to the company’s reputation.” Tesla didn’t immediately respond to a request for comment. A Tesla Inc. investor accused the electric-vehicle maker’s officers and directors in a lawsuit of allowing a “toxic workplace culture” to fester at the company.