- cross-posted to:
- teslamotors@lemmy.zip
- cross-posted to:
- teslamotors@lemmy.zip
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.
https://en.wikipedia.org/wiki/Price–earnings_ratio