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Elon Musk sued in another ridiculous lawsuit from Tesla shareholder

[Credit: HBO]

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Elon Musk is being sued by another shareholder in another lawsuit that claims he used insider information to make a profit.

The Employees’ Retirement System of Rhode Island (ERSRI) is suing Musk and asking the court to force the CEO to return what it considers to be “unlawful profits.”

The suit claims Musk, along with his brother Kimbal, sold $30 billion in stock between late 2021 and the end of 2022, just before various developments would cause the automaker’s stock to fall. It then states that Musk sold the shares at pumped prices and used the proceeds to purchase X, the social media platform that was once called Twitter.

It also accuses Musk of selling Tesla shares when vehicle deliveries had fallen below expectations.

ERSRI holds roughly 140,000 Tesla shares, according to Reuters, worth roughly $25.1 million, based on the stock price at the time of writing.

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It is not the only lawsuit accusing Musk of insider trading. Another Tesla shareholder is suing Musk in a $7.5 billion suit that was filed last month, accusing him of selling shares based on insider information.

Tesla shareholder sues Elon Musk accusing him of insider trading

That suit, filed by shareholder Michael Perry, claims that Musk “waited to make these sales after the release of adverse news” and that “his sales would have netted him less than 55 percent of the amounts realized from his November and December sales.”

ERSRI filed the suit on Tuesday in the Delaware Chancery Court. Tesla is incorporated as a company in Delaware.

The suit was also filed just two days before Tesla’s Annual Shareholder Meeting, which could be one of the most crucial in Tesla’s history. The biggest issue on the docket is the question of Musk’s $56 billion pay package, which shareholders will vote to ratify after it was passed during the automaker’s 2018 meeting.

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However, it was deemed to be an “unfathomable sum” by a Delaware Chancery Court Judge earlier this year and was voided.

I’d love to hear from you! If you have any comments, concerns, or questions, please email me at joey@teslarati.com. You can also reach me on Twitter @KlenderJoey, or if you have news tips, you can email us at tips@teslarati.com.

Joey has been a journalist covering electric mobility at TESLARATI since August 2019. In his spare time, Joey is playing golf, watching MMA, or cheering on any of his favorite sports teams, including the Baltimore Ravens and Orioles, Miami Heat, Washington Capitals, and Penn State Nittany Lions. You can get in touch with joey at joey@teslarati.com. He is also on X @KlenderJoey. If you're looking for great Tesla accessories, check out shop.teslarati.com

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Elon Musk seemingly confirms Cybertruck gift to 13-year-old cancer fighter

Diagnosed in 2018 with a rare form of brain and spine cancer with no cure, the teen has undergone 13 surgeries by the time he was 12.

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Credit: Tesla

Elon Musk has seemingly confirmed that he will be sending a Tesla Cybertruck to 13-year-old Devarjaye “DJ” Daniel, a 13-year-old Houston boy fighting brain cancer. The teen was recognized as an honorary Secret Service member by U.S. President Donald Trump during his address to Congress on Tuesday. 

A Chance Meeting

The Tesla CEO’s Cybertruck pledge was mentioned during DJ’s short interview with CNN’s Kaitlan Collins. When Collins asked the 13-year-old what he told the Tesla CEO, DJ answered that he asked for a Cybertruck.

“I said, ‘can you do me a big favor, when you get back to Houston can you send us a Cybertruck down there?’” the cancer fighter stated.

Daniel noted that Musk responded positively to his request, which was highlighted by Collins in a post on X. Musk responded to the post with a heart emoji, suggesting that he really will be sending a Cybertruck to the 13-year-old cancer fighter.

Teen’s Cancer Battle Inspires

Diagnosed in 2018 with a rare form of brain and spine cancer with no cure, Daniel has undergone 13 surgeries by the time he was 12. During his speech, Trump highlighted the 13-year-old’s long battle with his disease. 

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“Joining us in the gallery tonight is a young man who truly loves our police. The doctors gave him five months at most to live. That was more than six years ago. Since that time, DJ and his dad have been on a quest to make his dream come true,” Trump stated.

Daniels officially received an honorary badge from U.S. Secret Service Director Sean Curran, to much applause during the event.

Surprisingly Partisan

While Daniels’ story has been inspiring, Trump’s focus on the 13-year-old cancer fighter has received its own fair share of criticism. MSNBC host Nicolle Wallace, while referencing Daniels’ love for law enforcement, noted that she is hoping the 13-year-old never has to defend the U.S. capitol against Trump supporters. “If he does, I hope he isn’t one of the six who loses his life to suicide,” Wallace stated.

Anti-Musk and Trump accounts on X have also thrown jokes at the cancer fighter’s honorary badge, with some dubbing the 13-year-old as a “DEI hire” that should be looked into by DOGE.

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Arrest made after Tesla Salem site attacked with Molotov cocktails

The suspect faces a federal charge of illegally possessing an unregistered destructive device.

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Credit: Tesla Asia/X

A 41-year-old Salem man was arrested Tuesday for allegedly throwing Molotov cocktails at a Tesla store on January 20. Court documents indicated that the man’s attack caused around $500,000 in damages.

The suspect faces a federal charge of illegally possessing an unregistered destructive device, which were described as Molotov cocktails. Seven vehicles were damaged and one was destroyed in the attack on the Tesla location.

Fires Erupt at Tesla Store

At 3:45 a.m. on January 20, Salem Police responded to reports of Molotov cocktails being thrown at the Tesla store. Officers found a fire on the sidewalk and another in a parked vehicle’s rear. An eyewitness noted that someone thew five or six objects during the incident, as noted in a report from the Statesman Journal.

Suspect Caught on Camera

Surveillance footage showed the man throwing a “Molotov Cocktail-style device” at a truck, which bounced off without igniting. He also aimed an AR-15-style rifle at a witness who was driving away. The suspect hurled a rock through the Salem Tesla store’s window as well. 

A patrol car’s camera captured the suspect’s vehicle nearby, tying him to the scene. Surveillance video, fingerprints on glass bottles recovered at the scene, and a vehicle registered to the man led ultimately to his arrest.

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Tesla Vandalism Trend

Tesla stores across the United States and abroad have been the target of vandalism incidents as of late, thanks in part to CEO Elon Musk’s increasing involvement in politics and his close work with U.S. President Donald Trump. Interestingly enough, previous reports have indicated that the Salem Tesla store was also the victim of an attack last month, when gunfire shattered widows at the location.

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Tesla Model Y tops South Korea import sales in February 2025

The Tesla Model Y that performed well in South Korea last month was the Model Y classic, which is already being phased out.

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Credit: Tesla Asia/X

The Tesla Model Y led South Korea’s imported car market in February 2025 with 2,038 units sold, as per data from the Korea Automobile Importers & Distributors Association (KAIDA). 

Total imported passenger car registrations in South Korea climbed 24.4% to 21,199 units from 16,237 a year ago. Tesla ranked third at 2,222 units, behind BMW (6,274) and Mercedes-Benz (4,663).

Model Y Classic Still A Strong Seller

The Model Y that performed well in South Korea last month was the Model Y classic variant, which Tesla is already phasing out. Its strong sales highlight Tesla’s strong presence in South Korea, where BMW beat Mercedes-Benz for the top brand spot last month.

Following the Tesla Model Y classic in the country’s import segment was the Mercedes-Benz E-Class and the BMW 5 Series. Tesla’s overall 2,222 registrations for February trailed BMW and Mercedes-Benz, but they surpassed Lexus (1,337) and Volvo (1,046), as per a report from Viva100.

Import Fuel Mix

Hybrids led South Korea’s import registrations with 13,013 units (64.4%), followed by EVs at 3,757 (18.6%) and gasoline at 3,226 (16%). Diesel lagged at 203 units (1%). A look at these numbers suggests that the Tesla Model Y classic commanded the lion’s share of South Korea’s EV imports last month.

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What the KAIDA Vice Chairman says

KAIDA Vice Chairman Jeong Yoon-yeong issued a comment about the results:

“In February, new registrations of imported passenger vehicles increased compared to the previous month due to the registration of electric vehicles following the confirmation of electric vehicle subsidies and the new car effect of some brands,” the KAIDA executive noted.

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