Tesla Insiders Are Dumping the Stock. Is It a Red Flag or a Red Herring?
Tesla (NASDAQ: TSLA) stock has been under enormous pressure in recent weeks. After surging in the aftermath of the U.S. presidential election on hopes that CEO Elon Musk's cozy relationship with President Donald Trump would lead to a windfall for the electric vehicle (EV) company, the stock price has been on a downward slide since mid-December, falling nearly 45%.Musk's outspoken views on multiple issues as well as his work on a project for the Trump administration called the Department of Government Efficiency (DOGE) has damaged his reputation and has tied the Tesla brand up in political controversy. In some cases, it has resulted in vandalism at several Tesla dealerships and charging stations. Additionally, Tesla vehicle sales in Europe have plunged 43% in the first two months of the year, according to registration data.The stock sell-off prompted Musk to hold an all-hands meeting recently to reassure employees and tell them not to sell their shares, touting the company's innovations in artificial intelligence (AI), autonomous vehicles, and robotics.Continue reading
Tesla (NASDAQ: TSLA) stock has been under enormous pressure in recent weeks. After surging in the aftermath of the U.S. presidential election on hopes that CEO Elon Musk's cozy relationship with President Donald Trump would lead to a windfall for the electric vehicle (EV) company, the stock price has been on a downward slide since mid-December, falling nearly 45%.
Musk's outspoken views on multiple issues as well as his work on a project for the Trump administration called the Department of Government Efficiency (DOGE) has damaged his reputation and has tied the Tesla brand up in political controversy. In some cases, it has resulted in vandalism at several Tesla dealerships and charging stations. Additionally, Tesla vehicle sales in Europe have plunged 43% in the first two months of the year, according to registration data.
The stock sell-off prompted Musk to hold an all-hands meeting recently to reassure employees and tell them not to sell their shares, touting the company's innovations in artificial intelligence (AI), autonomous vehicles, and robotics.
