this post was submitted on 20 Mar 2025
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Economics

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Top Tesla shareholders selling off stock (www.newsweek.com)
submitted 1 year ago by MicroWave@lemmy.world to c/economics@lemmy.world
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Summary

Multiple Tesla executives and board members, including James Murdoch, Robyn Denholm, Kimball Musk, and CFO Vaibhav Taneja, have sold over $100 million in company stock amid a 50% price decline since December.

Tesla's market cap has dropped $800 billion, reducing Elon Musk's net worth by approximately $100 billion.

The selloff coincides with consumer backlash against Musk's role in the Trump administration as head of DOGE.

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[โ€“] sunzu2@thebrainbin.org 3 points 1 year ago (1 children)

Rats

[โ€“] Treczoks@lemmy.world 2 points 1 year ago

And sinking ships, yes.