Quick access to main page (top) Direct access to main contents Quick access to main page (bottom)

Tesla Executives and Board Members Cash Out, Sparking Insider Trading Concerns

Daniel Kim Views  

Xinhua News Agency
Xinhua News Agency

As Tesla’s major executives and board members sell off their large-scale stock, controversy is spreading in the United States. The sell-off includes Robyn Denholm, Vaibhav Taneja, the company’s board chair, and Elon Musk’s brother, Kimbal Musk.

According to filings with the U.S. Securities and Exchange Commission (SEC), Taneja recently offloaded 7,000 Tesla shares for $2,681,770. Denholm also sold 112,390 shares at an average price of $384.04, recording a total sale price of $43,162,255.60.

Tesla explained that these sales are part of a stock option liquidation plan adopted last year. However, market concerns have intensified after it was revealed that Kimbal Musk, Elon Musk’s brother and a Tesla board member, also sold 75,000 shares through Morgan Stanley for $27.5 million.

In the U.S., key executives and board members of publicly traded companies are required to report insider trading to the SEC, and these transactions were disclosed in compliance with those regulations. As a result, many media outlets are concentrating on Tesla insiders’ consecutive stock sales, and some experts are drawing attention to problems with management trust and corporate governance at Tesla.

Executives and key board members selling their shares may be strategic, but shareholders will likely view it negatively. Given Tesla’s recent volatility, the market is watching whether this sale will result in a lack of trust in management or simply a stock option exercise.

Daniel Kim
content@viewusglobal.com

Comments0

300

Comments0

[LATEST] Latest Stories

  • Pfizer Ends Obesity Drug Trial After Liver Risk Emerges
  • Not Just Old Age: The Pneumonia That Affected Pope Francis’ Final Years
  • China Just Cranked U.S. Tariffs to 84% — And That’s Not the End of It
  • BMW's Next-Gen EV: The Bold New i3 Touring Concept Revealed
  • LEGO Technic Ferrari SF-24 F1 Car: A 1,361-Piece Tribute to Ferrari’s 2024 F1 Season
  • Hyundai’s Ioniq 6 Just Took the Top Spot in J.D. Power’s EV Ownership Study

You May Also Like

  • 1
    Think Smoothies Are Healthy? You Might Want to Rethink That

    LIFESTYLE 

  • 2
    Your Morning Coffee Might Actually Be Helping Your Bones

    LIFESTYLE 

  • 3
    Managing Carbohydrates: What to Know Before You Cut

    LIFESTYLE 

  • 4
    An Apple a Day? Only If You Follow These Simple Rules

    LIFESTYLE 

  • 5
    Doctor Breaks Down Why Meat-Only Diets Might Not Be So Healthy After All

    LIFESTYLE 

Popular Now

  • 1
    THIS Simple Morning Habit Helped Jane Lose Weight

    LIFESTYLE 

  • 2
    Is Cucumber Lemon Water the Easiest Health Habit Ever?

    LIFESTYLE 

  • 3
    Why Ignoring Your Eye Pressure Could Cost You Your Vision

    LIFESTYLE 

  • 4
    Your Cooking Oil Might Be Doing More Harm Than Good—Here’s Why

    LIFESTYLE 

  • 5
    How Many Calories You Burn While You Sleep Might Surprise You

    LIFESTYLE 

Must-Reads

  • 1
    Think Smoothies Are Healthy? You Might Want to Rethink That

    LIFESTYLE 

  • 2
    Your Morning Coffee Might Actually Be Helping Your Bones

    LIFESTYLE 

  • 3
    Managing Carbohydrates: What to Know Before You Cut

    LIFESTYLE 

  • 4
    An Apple a Day? Only If You Follow These Simple Rules

    LIFESTYLE 

  • 5
    Doctor Breaks Down Why Meat-Only Diets Might Not Be So Healthy After All

    LIFESTYLE 

Popular Now

  • 1
    THIS Simple Morning Habit Helped Jane Lose Weight

    LIFESTYLE 

  • 2
    Is Cucumber Lemon Water the Easiest Health Habit Ever?

    LIFESTYLE 

  • 3
    Why Ignoring Your Eye Pressure Could Cost You Your Vision

    LIFESTYLE 

  • 4
    Your Cooking Oil Might Be Doing More Harm Than Good—Here’s Why

    LIFESTYLE 

  • 5
    How Many Calories You Burn While You Sleep Might Surprise You

    LIFESTYLE 

Share it on...