Overview

• Investors accused Musk and Tesla of inflating Dogecoin's price through public statements and social media posts.
• The lawsuit claimed Musk's actions led to significant financial losses for Dogecoin investors.
• Judge Alvin Hellerstein found no reasonable investor would rely on Musk's statements for investment decisions.
• The case was dismissed with prejudice, preventing it from being refiled.
• Musk's lawyers argued his comments were harmless and not intended to manipulate the market.