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Tesla (TSLA.US)'s “political sequelae”: profits plummeted, stock prices fluctuated, but executives are frantically cashing out
After Musk openly supported Trump, which sparked a wave of boycotts leading to a decline in both the performance and stock price of the electric vehicle manufacturer, Tesla's Board of Directors Chair Robyn Denholm recently sold off company stocks worth over $0.23 billion.
The chairman of Tesla is frantically selling the company's Stocks: Is it a loss of confidence or securing profits?
① Tesla Director Robyn Denholm sold Tesla Stocks over the past six months, earning 0.198 billion USD; ② Denholm's sales coincided with a sharp decline in Tesla Stocks due to political factors, raising market doubts about her outlook on the company's prospects; ③ Other Tesla executives have also sold a significant amount of Stocks over the past nine months, totaling 0.189 billion USD.
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