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Top Tesla shareholders selling off stock (www.newsweek.com)

submitted 2 weeks ago by [email protected] to c/[email protected]

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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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[–] [email protected] 5 points 2 weeks ago

To the rubes wayching Fox News when the Commerce Secretary came on and begged people to buy the stock

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