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.
Birth rates are declining, so it’ll be becoming more common.
I think not many people have a really good understanding of rates of change. The actual impacts are pretty stochastic, so even if things get 10x worse there’s lots of places that will remain unscathed.