A Canadian trader turned $65,000 into $306 million by betting on Tesla during the pandemic. The trader is suing RBC and Grant Thornton, claiming he received "inadequate advice" that led to huge losses. AdvertisementA trader from Vancouver Island, Canada, minted a fortune betting on Tesla stock before losing everything, according to a lawsuit filed against RBC and tax advisory firm Grant Thornton LLP last week. But when Tesla stock plunged in 2022, DeVocht was forced to sell Tesla stock at depressed prices to pay back those margin loans. RBC and Grant Thornton LLP told media outlets that they do not comment on active lawsuits before the courts.

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Persons: Grant Thornton, —, Christopher DeVocht, DeVocht, Tesla Organizations: Tesla, RBC, Service, Royal Bank of Locations: Vancouver Island, Canada