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Tesla board members, executive sell off over $100 million of stock in recent weeks (abcnews.go.com)

submitted 1 year ago by MicroWave@lemmy.world to c/news@lemmy.world

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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.

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[–] My_IFAKs___gone@lemmy.world 9 points 1 year ago

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