Tesla CEO Musk Accused of Defrauding Shareholders

According to Reuters, Chief Executive of Tesla Elon Musk is being sued by an investor who said Tesla has defrauded shareholders in an attempt to manipulate the car company’s stock price. In a proposed class-action complaint that has been filed with the federal court in San Francisco, Kalman Isaacs says that the said plan was put into action to “completely decimate” short-sellers. This has led to an inquiry by the U.S. Securities and Exchange Commission. Watch video for more details.