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.

  • plootEnglish
    18·
    14 hours ago

    I recognize that these are words. That’s probably why I’m poor.

    • My_IFAKs___gone@lemmy.world
      11·
      14 hours ago

      I am mostly a disciple of Boglehead investing philosophy.

      A seminal resource early in my adult life was The Wealthy Barber, which I think still stands up well as a sensible guide to low-stress, long-term investing.

      An ETF is basically a thing you buy, like shares of stock, but each share of an ETF is made of a blend of a bunch of stocks. VTI is an ETF run by the brokerage Vanguard that tries to track the entire US stock market, weighted against how large a company is. You should try to find ETFs with a low “expense ratio”, which is basically the management fee for a blended fund. VTI is really low, something like 0.03%. So you pay vanguard $3 for every $10,000 gained (I think it works like that, anyway. All I know is it’s low and that’s good).

      I don’t endorse playing with Options Contracts unless you have an iron stomach and incredible self discipline. It’s legalized gambling in my view (although it has other valid uses, like hedging against losses…but it’s an advanced tool and can wreak havoc on savings when used poorly).

      • TexasDrunk@lemmy.world
        4·
        11 hours ago

        I’m going to spend my money on more whiskey. I’m not sure if I’m too sober to understand or not nearly sober enough but we’re about to find out together.