Elon Musk faces a huge challenge

He is being sued for a huge amount

A massive lawsuit has been filed over Elon Musk’s actions, FOX News reported.

Seven investors have joined the case.

They insist that Musk manipulated the rate of the cryptocurrency Dogecoin. This was done through his companies that initially boosted the cryptocurrency’s price and then let it crash.

Musk was one of the big fans of cryptocurrency. He often publicly declared his preference for her.

The claim is for 258 billion dollars. The currency saw an incredible rise over two years, after which the value quickly declined.

Musk has often been criticized for using his popularity to influence business ideas.

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