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
    28·
    23 days ago

    I wouldn’t be surprised if Tesla chooses to cook the books.
    It will be very strange if numbers aren’t in red.

    • Billiam@lemmy.world
      33·
      23 days ago

      Oh man, that would be so illegal! The SEC would surely step in to investigate that, right?

      Right?

      …right…?

    • bitchkat@lemmy.worldEnglish
      2·
      22 days ago

      They might pull an Oracle and stop reporting certain numbers and aggregate them with something else. Like when oracle stopped reporting cloud revenue as it’s own line item.