Economics

720 readers

99 users here now

founded 2 years ago

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

submitted 3 weeks ago by MicroWave@lemmy.world to c/economics@lemmy.world

9 comments fedilink hide all child comments

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.

you are viewing a single comment's thread
view the rest of the comments

[–] Treczoks@lemmy.world 2 points 3 weeks ago

And sinking ships, yes.

permalink
fedilink
source
parent