this post was submitted on 18 Mar 2025

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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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[–] Ghostalmedia@lemmy.world 19 points 1 year ago (1 child)

Musk basically ate through the massive bump he got after Trump’s Nov 4th win.

The real pain for that stock is coming. It was already way overpriced before the election, and the speculators pumped it up even more.

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[–] Buffalox@lemmy.world 8 points 1 year ago (1 child)

Also consider that if you bought the stock mid December 2020, it's the exact same value today!!!
That's a return to where it was more than 4 years ago. 😋

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