Elon Musk Sold Tesla Shares Before Company Acknowledged Weakness [View all]
Source: The Wall Street Journal.
MARKETS * FINANCIAL REGULATION
Elon Musk Sold Tesla Shares Before Company Acknowledged Weakness
The stock tumbled after the CEO's sale and fell further on the electric-car maker's deliveries report
By Jonathan Weil
https://twitter.com/jonathanweil
jonathan.weil@wsj.com
Jan. 20, 2023 5:30 am ET
Late last year, after a wave of news reports pointing to sagging demand for his company's vehicles, Tesla Inc. TSLA -1.25%decrease; red down pointing triangle Chief Executive Elon Musk sold almost $3.6 billion of his shares in the electric-car maker.
On Jan. 2, Tesla announced fourth-quarter vehicle deliveries that were significantly below the company's most recent forecast to investors. The news sent Tesla's stock price plunging when markets opened the next day.
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Read more: https://www.wsj.com/articles/elon-musk-sold-tesla-shares-before-company-acknowledged-weakness-11674177642
It's The Wall Street Journal., so none of this is true.
ETA:
There's a thread about this in GD too, with more text than I was able to copy.
Elon Musk Sold Tesla Shares Before Company Acknowledged Weakness (WSJ)
https://www.democraticunderground.com/100217575244
Fri Jan 20, 2023, 08:08 AM
= new reply since forum marked as read
