Whether or not it is legal, it is ethically the wrong thing to do. I think it is completely fair to expect ethical behavior from one of the top 5 wealthiest people in the world. I don't know if the fact that Tesla bought/sold crypto and it had a material impact on their earnings and frankly share price had anything to do with it, but it's reasonable to believe that he performed a pump and dump.Ragoo said:but it isn't regulated by the SEC... so is it really a crime?$30,000 Millionaire said:
Musk should be in jail for this stuff, by the way. Public company CEOs shouldn't be deliberately pumping assets while selling into that strength.
If I were the board of Tesla or a major institutional owner, I'd be asking some questions right now.