Elon Musk and his near-$700 billion electric car company TeslaTSLA 0.0% are facing fresh accusations of market manipulation and insider trading in a lawsuit filed by cryptocurrency investors seeking damages of $258 billion.
This is the third amendment to the lawsuit, first filed in June last year, after Musk asked the judge to dismiss the lawsuit in March.
The update centers on claims Musk sold around $124 million of the cryptocurrency dogecoin in April after he replaced Twitter's logo with that of a Shiba Inu dog used by dogecoin—pushing up the dogecoin price by 30%.
