The CFO of Tesla, Taneja Vaibhav, and the executive leader of Tesla, Robyn Denholm, have sold tens of millions of dollars of the shares of Tesla (TSLA).
Elon Musk’s brother is selling.
Public companies must report insider stock trading by critical executives and board members to the SEC.
For Tesla, it is an organization itself for a corporation of this size:
And they don’t buy the shares. In fact, they are sold almost exclusively.
Today, Tesla reported two new transactions in the presentations of the SEC.
Chief Financial Officer Taneja Vaibhav confirmed that he sold 7,000 shares for $2,681,770.
He was able to obtain those 7,000 shares from Tesla at $ 18. 22 as a component of his action option. He sold on average $ 383 and the name closed $ 374 today.
Robyn Denholm, president of Tesla, sold 112,390 shares for an average value of $ 384. 04, for a total of 43,162,255. 60 dollars.
It also received moves as a component of a stock option plan. Denholm had to back tens of millions of dollars worth of Tesla stock to the company after he had paid the judgment for the top compensation presented to shareholders.
Tesla’s entire board settled for nearly $1 billion:
Tesla wrote in the records that Vaibhav and Denholm sold as the liquidation plans of the purchase option followed last year.
Today, Tesla has published some other dry record to reveal that Kimbal Musk, Elon Musk’s brother and the member of the Tesla Board of Administrators, which also make up the over the top the top regulations, sell 75,000 Tesla actions through Tesla Morgan Stanley for $ 27. 5 million.
In his case, it appears to be connected to a settlement plan.
I never see any situation that Tesla’s sales expand out of Chinese doors.
The United States and the EU are in decline for the foreseeable future. You can get a used 3 for less than 20k and there are many of them on the market. Even though they brought in a less expensive 3/c, I don’t see that convert the path.
The pain has been and the basic cracks are beginning to show. Q1 will be bad, Q2 will be very bad.
Kimbal is known to have great “timing” with his Tesla stock sales. It will be interesting to see.
It is from Louopy to see that these members of the Board of Administrators are absurdly enriched, while the company has erased its expansion and addresses one of its worst quarter for years.
While they sit in their hands and do nothing, while they are the only ones who can do something about the CEO, which is involved in attractive crimes every day.
Tesla has one of the worst corporate governance of all the corporations I have seen.
Fred is a chief editor and last year student at Electk.
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