Musk was sued by a Dogecoin and a Tesla investor.
Elon Musk is no stranger to controversies and often ends up rubbing people the wrong way with his brash comments on Twitter. In 2018, a British cave diver, who was involved in rescuing boys stuck in a cave in Thailand, filed afraught relationship
with the U.S. Securities and Exchange Commission , which have a major issue with Musk making comments about Tesla, where he is the CEO. An SEC lawsuit against Musk was settled out of court in 2019. Still, the regulator has been watching his every move ever since, especially his tweets about Tesla and Dogecoin, a cryptocurrency, Musk loves to promote. Musk has been vocal about his support of cryptocurrencies.
The lawsuit filed in New York wants Dogecoin trading to be declared as gambling under federal and state law and intends to block Musk and his companies from promoting its usage. Johnson is claiming $86 billion in damages, the decline in Dogecoin's value since May last year and wants the court to triple it, thereby suing Musk for $258 billion. Reuters added that Johnson did not comment on the evidence he had to demonstrate that Dogecoin was a pyramid scheme.
Tesla has created a toxic workplace culture grounded in racist and sexist abuse and discrimination against its own employees," Chau told Reuters while adding that the toxic work environment has been allowed to gestate internally, with the truth coming out only recently.
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