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Zenger

National

Ramakrishnan M

Elon Musk’s Dogecoin Insider Trading Lawsuit — Explained

Elon Musk Dogecoin Lawsuit Ric Edelman Tesla Inc. Twitter Inc.

In this photo illustration, Dogecoin logo seen displayed on a mobile phone screen with Elon Musk's Twitter account in the background. IDREES ABBAS/BENZINGA

Tesla Inc (NASDAQ:TSLA) CEO Elon Musk is once again under scrutiny as he faces a proposed $258 million class action lawsuit accusing him of insider trading and manipulating the meme cryptocurrency Dogecoin (CRYPTO: DOGE).

Electric carmaker Tesla CEO Elon Musk looks on before a roundtable during the 6th edition of the “Choose France” Summit at the Chateau de Versailles, outside Paris on May 15, 2023. Since 2018, the Choose France Summit seeks to promote France’s economic attractiveness and encourage international investment across the country and brings together hundreds of leaders from the largest multinational corporations. LUDOVIC MARIN/BENZINGA

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