News

28307 readers

3943 users here now

Welcome to the News community!

Rules:

1. Be civil

Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.

2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.

Obvious right or left wing sources will be removed at the mods discretion. Supporting links can be added in comments or posted seperately but not to the post body.

3. No bots, spam or self-promotion.

Only approved bots, which follow the guidelines for bots set by the instance, are allowed.

4. Post titles should be the same as the article used as source.

Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.

5. Only recent news is allowed.

Posts must be news from the most recent 30 days.

6. All posts must be news articles.

No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.

7. No duplicate posts.

If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.

8. Misinformation is prohibited.

Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.

9. No link shorteners.

The auto mod will contact you if a link shortener is detected, please delete your post if they are right.

10. Don't copy entire article in your post body

For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 2 years ago

MODERATORS

[email protected]

517

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

submitted 2 weeks ago by [email protected] to c/[email protected]

54 comments fedilink hide all child comments

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.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 4 points 2 weeks ago (1 children)

So real talk, and of course I'm not going to toss my life savings (ha hahahahaha ha cries in american) into it but: how advisable is short selling Tesla right now and is there a reasonably "safe" way to do it? I know it always involves risk, especially in the event of a margin call, but for someone who is only slightly versed in these matter: how advisable would such a move be?

Is it possible or likely for a reverse-Gamestop ploy to take place?

[–] [email protected] 4 points 2 weeks ago

I personally will never short anything. I'm not smart enough to do it right, I proved that to myself when I tried to actively invest. Were I to play the market again, if I were pessimistic about a stock, I would opt to buy Put Options to bet against it. Those come with their own risks, including being able to time the market in addition to its direction. I've seen others say you can buy positions in a ticker that tracks the inverse of Tesla, but it insulates you from the worst case of selling short (i.e. theoretical infinite loss, or at least way more loss than you could afford); it can only drop to zero for a 100% loss, but not more. At least, that's my understanding, but I could be wrong. The advice I give myself is to just not play, except in the most boring way.