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.

    • Wilco@lemm.eeEnglish
      7·
      23 hours ago

      Capitalism for thee, but Communism for me.

      “I have ran my company into the ground with my incompetence and hate mongering, I am a literal nazi, doing the salutes and everything … everyone hates me, but the business is too big to fail … bailouts please!”

    • Phoenixz@lemmy.ca
      4·
      24 hours ago

      Lol

      Yeah,h you’re right…Elmo will do that, and it will pass too but… Tesla is a mini car maker and a shitty one at that. It has4 models, I believe? What low single digit percentage of cars is a Tesla?

      Too big to fail my ass. Let it burn .