Tesla Stock Plunge and Insider Stock Sales
Shares of Tesla have plunged nearly 50% since mid-December, with board members and executives selling off millions of dollars in stock. Recent sales by top officers total over $100 million, including Elon Musk's brother and board chairman Robyn Denholm. Analysts suggest the sales may be personal financial choices.
Key Points
- Shares of Tesla have fallen nearly 50% since mid-December
- Board members and executives at Tesla have sold off millions in stock, totaling over $100 million
- Analysts suggest that the sales may be influenced by personal financial choices rather than negative outlook on the company
- Some sales were part of predetermined plans to avoid insider trading perception
Pros
- Insider sales may indicate personal financial decisions rather than negative outlook on the company
- Routine predetermined sales plans can help avoid perception of insider trading
Cons
- Shares plunging nearly 50% since mid-December
- Concerns from shareholders and pension funds regarding focus on government cost-cutting over Tesla's operations