An actual board would have fired the muskrat sometime last year, but given this board is wholly owned, they let him do whatever he wants instead of insisting he focus on the company. 🤷
This is a non-story. This is a sale per a 10b5-1 plan that, per the filing, has been in place since last July. Not that the article bothers to mention that, or link to the filing.
Thank for pointing this out. Many tech executives and board members sell their shares on a schedule. The sale has no relationship to current events. Many people do not understand this.
……no, actually it is entirely standard to have a 10b5-1 plan in place as a board member or c-suite executive, even when you believe strongly in the firm. last July’s plan may have been simply a replacement for a previous version. you really do not need to make up a conspiracy on this one!
I got a front-row lesson in this stuff when my spouse’s last company, where he was CTO, did an IPO, so I got to learn terms like “10b5-1” and “Rule 144 officer.” Elon Musk is a fucking traitor & shitty at business, AND this is a standard boring stock sale! Both of those things can be true at once!
The REASON rule 10b5-1 plans exist is to let ppl sell stock who otherwise would be largely unable to sell stock without violating insider trading laws because they always know MNPI! If your theory is that she knew MNPI so she decided to illegally insider trade, *she wouldn’t need the 10b5-1 plan*!
Nothing to stop her rebuying same day same price if she thought there was upside. But as an insider and rational person she would rather put her money elsewhere.
The flyer I'd really like to put on Teslas is a fake advert for a local body shop that says "If you have experienced vandalism recently, our shop is ready to fix kicked in panels, and keyed paint. Save this flyer, you'll need it!"
Level 260 should have more support than 290, but unlikely it will hold for long. Too much uncertainty. A global financial storm coming so cashing in on profit not a bad idea perhaps.
Have to remember we went through famine during Covid without starving. Down the line there's a bill.
Comments
Management is forever selling chunks o’ stock, month after month.
https://www.sec.gov/Archives/edgar/data/1318605/000200731725000227/xsl144X01/primary_doc.xml
The "Tag-A-Tesla" challenge is underway!
https://x.com/Mollyploofkins/status/1893363837962748218
Oh, wait, second biggest rat.
Have to remember we went through famine during Covid without starving. Down the line there's a bill.
This train is crashing and they know it.
Musk doesn’t care. Twitter is worth way more.