- cross-posted to:
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- cross-posted to:
- [email protected]
Summary
Tesla board members and executives have sold over $100 million in stock since early February as the company’s shares decline.
Board member James Murdoch sold $13 million in stock on March 10, coinciding with Tesla’s worst single-day drop in five years.
Kimbal Musk sold $27 million in shares last month, and board chair Robyn Denholm offloaded over $75 million through a predetermined plan.
The sell-offs come as Tesla’s stock has fallen nearly 50% since December.
Yes that’s a very weird story, I’m looking forward to hear what the investigation reveals.
Spoiler alert: it will only reveal that the US no longer honors extradition treaties.