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.

  • vxx@lemmy.world
    8·
    16 hours ago

    Yes, he will have to sell stock, which further continues the death spiral of tesla and musk. Genius hasnt deversified and is all in on Tesla and is in debt. “The richest man on earth” is just his stocks. When he loses that, he lost everything.

    The bank doesnt care, they will get their money. musk does indeed care.