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.

  • Buffalox@lemmy.world
    21·
    21 hours ago

    Yes that’s a very weird story, I’m looking forward to hear what the investigation reveals.

      • anomnom@sh.itjust.worksEnglish
        1·
        6 minutes ago

        Can you imagine what would happen if fElon visited Canada and the arrested him?

        I’d like to imagine the good parts (Canada holding him accountable), and not the insane fascist parts (whatever stupid or dangerous threats our Cheeto Mussolini would make).