Overview

• Tesla shareholder Michael Perry filed the lawsuit in Delaware Chancery Court.
• Perry alleges Musk used non-public information to sell shares in November and December 2022.
• The lawsuit demands Musk return the profits made from these trades.
• Tesla's stock dropped significantly after the production data was made public in January 2023.
• Musk is also dealing with other legal and regulatory challenges, including a voided $56 billion pay package.