As Tesla stock has fallen in recent weeks, members of the board and an executive at Elon Musk's company have sold off millions of dollars in stock, according to filings.

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.

  • Gordon Calhoun@lemmy.world
    10·
    24 days ago

    I wanted to join the selloff party so badly, I traded all my Total Market ETF holdings for (Tesla-free) Large Cap Value ETFs, and with the change left over I bought the cheapest Tesla Puts I could find.

    I just love that open pessimism for Friday’s Put contracts!