As Tesla stock has fallen in recent weeks, members of the board and an executive at Elon Musk's company have sold off millions of dollars in stock, according to filings.
      • CompactFlax@discuss.tchncs.deEnglish
        10·
        14 hours ago

        Knowing that Tesla had a market cap exceeding GM and Toyota and all the other manufacturers and a PE ratio beyond belief, the smart ones were selling as soon as it vests.

    • Lucky_777@lemmy.worldEnglish
      7·
      14 hours ago

      The numbers tanking when Elon started his bullshit is enough. He keeps double down. Telsa stock is basically shit going down the drain. Get out now before you drown in it.

  • metallic_substance@lemmy.worldEnglish
    21·
    11 hours ago

    Fuck this company and fuck Elon in particular, but we’re in a downturn economy. Some of this selloff is normal in this kind of situation. I work for a very successful company (completely unrelated to the auto/tech industry) which was rising before all of this bullshit and many of the top shareholders sold HARD recently

    • DragonTypeWyvernEnglish
      3·
      10 hours ago

      Sell high

      Buy someone’s repossessed home with the money and charge the mortgage+50 in rent.