Tesla Execs Dump Over $100 Million in Stock Amidst Price Plunge
Tesla board members and executives have offloaded over $100 million worth of stock in recent weeks, sparking considerable discussion and speculation. This significant sell-off, particularly given the recent downturn in Tesla’s stock price, naturally raises questions about the company’s future prospects.
The timing of these sales, coinciding with a significant drop in Tesla’s stock value, has fueled concerns amongst investors. The fact that this activity follows a JP Morgan downgrade of TSLA stock to $120 per share further amplifies these worries. Many see this as a bearish signal, suggesting that insiders may possess information not yet publicly available, leading them to divest from the company before a more substantial decline.… Continue reading
Matt Underwood