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.

Summary

Tesla board members and executives have sold over $100 million in stock since early February as the company’s shares decline.

Board member James Murdoch sold $13 million in stock on March 10, coinciding with Tesla’s worst single-day drop in five years.

Kimbal Musk sold $27 million in shares last month, and board chair Robyn Denholm offloaded over $75 million through a predetermined plan.

The sell-offs come as Tesla’s stock has fallen nearly 50% since December.

  • My_IFAKs___gone@lemmy.world
    1·
    12 hours ago

    I personally will never short anything. I’m not smart enough to do it right, I proved that to myself when I tried to actively invest. Were I to play the market again, if I were pessimistic about a stock, I would opt to buy Put Options to bet against it. Those come with their own risks, including being able to time the market in addition to its direction. I’ve seen others say you can buy positions in a ticker that tracks the inverse of Tesla, but it insulates you from the worst case of selling short (i.e. theoretical infinite loss, or at least way more loss than you could afford); it can only drop to zero for a 100% loss, but not more. At least, that’s my understanding, but I could be wrong. The advice I give myself is to just not play, except in the most boring way.