Elon Musk’s Brother and One Other Tesla Board Director Sell Stock Worth Nearly $200 Million

The sale of shares by Tesla's senior officials has sparked speculation about the trust in Elon Musk and the company's direction

Elon Musk’s brother and one other Tesla board director sell stock worth nearly $200 million

Ira Ehrenpreis, chair of Tesla's compensation committee, and Kimbal Musk liquidated all the stock they converted from call options on Tuesday.

Two Tesla (TSLA) insiders close to Elon Musk just sold almost $200 million worth of stocks

Two Tesla board members close to Elon Musk, Ira Ehrenpreis and Kimbal Musk, just sold almost $200 million worth of...

Two Tesla Insiders Close To Elon Musk Just Sold Almost $200 Million Worth Of Stocks

Two board members of Tesla (TSLA) who are close to CEO Elon Musk have sold shares worth $194 million, which has raised doubts about the company’s internal confidence as it prepares for a big product launch. Ira Ehrenpreis, who has been on the board for a long time and is close to Musk, sold 477,572 […] The post Two Tesla Insiders Close To Elon Musk Just Sold Almost $200 Million Worth Of Stocks appeared first on Wonderful Engineering.

Tesla Board Members Exercise Options and Sell Nearly $200M in Shares

Two Tesla board members disclosed plans to sell nearly $200 million worth of stock after exercising options, according to filings with the U.S. Securities and Exchange Commission dated May 27.

Tesla is not in its best moments. To the fall of sales, brutal in Europe, adds the global crisis of image of Elon Musk. And the market sees as lack of confidence in Musk that several managers have sold, for 200 million dollars, shares of the company. The first to sell shares of Tesla was its president, Robyn Denholm, who has achieved up to 530 million dollars doing it over the last seven years. This has led her to become the best paid non-execut…