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As far as I know it's illegal to manipulate the market like he did.
He bought BTC, tweeted about it, price rose, he sold, tweeted that he doesn't like it anymore, price dropped.
Cryptocurrency market is not regulated like stocks so I doubt he'll be indicted for tweeting about what Tesla did. The company bought BTC and we found out about that when they filed a report. The company also announced accepting BTC as a payment method. Lastly, they decided to suspend it and willing to resume after bla bla bla.As far as I know it's illegal to manipulate the market like he did.
He bought BTC, tweeted about it, price rose, he sold, tweeted that he doesn't like it anymore, price dropped.
Those who got caught by the dump may feel cheated but it's also their fault for speculating and buying from someone's tweet.
The company has a CEO who is held responsible.
Musk bought BTC and Doge privately as well and used the company to pump his private investments.
My bet is he's going to keep doing it with other coins. First he buys something else like Cardano, tweets about it o pump it and sells with a profit, then he decides he's going to build a new Tesla power plant to mine Bitcoin so that it's eco friendly again.
The only funny part in all this is Tesla's stock has been dropping like a rock for the last few weeks. Maybe the board spanked him for touching crypto?
