Musk Accused of $7.5 Billion of Insider Trades in Investor Suit

Elon Musk had inside knowledge of a miss on production and delivery numbers that Tesla Inc. was facing when he sold more than $7.5 billion in stock in 2022, a shareholder in the electric vehicle maker claimed in a lawsuit.

Tesla’s chief executive officer had nonpublic information that Tesla would miss the fourth-quarter targets that year when he sold the shares, Tesla investor Michael Perry alleged in the suit, filed Thursday in Delaware Chancery Court.

By relying on that information when selling part of his Tesla stake for funds to bolster his buyout of the social media platform X, ...