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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[+] skuzz@discuss.tchncs.de 32 points 1 year ago* (last edited 3 months ago) (3 children)

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[–] Wilco@lemm.ee 8 points 1 year ago

Capitalism for thee, but Communism for me.

"I have ran my company into the ground with my incompetence and hate mongering, I am a literal nazi, doing the salutes and everything ... everyone hates me, but the business is too big to fail ... bailouts please!"

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[–] fedorato@lemmy.world 5 points 1 year ago (1 child)

Mango Mussolini

You cheeky devil. This made me lose my shit.

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[–] nailbar@sopuli.xyz 2 points 1 year ago

Best outcome when you're Lemmying on the shitter

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[–] phoenixz@lemmy.ca 4 points 1 year ago

Lol

Yeah,h you're right..Elmo will do that, and it will pass too but... Tesla is a mini car maker and a shitty one at that. It has4 models, I believe? What low single digit percentage of cars is a Tesla?

Too big to fail my ass. Let it burn .

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