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submitted 4 months ago by [email protected] to c/[email protected]

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] 3 points 4 months ago
[-] [email protected] 2 points 4 months ago

And sinking ships, yes.

this post was submitted on 20 Mar 2025
98 points (100.0% liked)

Economics

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