Elon Musk's Closest Allies On The Tesla Board Are Selling Their Shares, With Over $100 Million Sold Off Since February

About Elon Musk's Closest Allies On The Tesla Board Are Selling Their Shares, With Over $100 Million Sold Off Since February

Tesla's board members and executives have been selling a significant amount of stock, with sales surpassing $100 million since February, as reported by ABC News. Notably, James Murdoch, a board member and the son of Rupert Murdoch, sold $13 million in shares on a day coinciding with one of Tesla's major stock declines. Kimbal Musk, Elon Musk's brother, sold $27 million worth of shares, while Tesla Chair Robyn Denholm sold $75 million in two transactions. These sales may involve predetermined plans to avoid insider trading concerns.