- 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.
Remember, they had a 5:1 split in Aug 2020 and a 3:1 split in Aug 2022.
If you bought in Dec 2020, your share volume tripled.
Every consumer stock ticker I’ve seen already factors those splits into the pricing scheme
Good point. I’m a moron.
FTFY
Damn Lemmy users and their damn empathy and compassion.
Chin up, you’re both more well versed this arcanery than I.
Ah OK, I didn’t know that.