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**Hugh** · 19-03-2025, 00:36

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Originally Posted by Pierre

Don’t think for a minute any of that is politically motivated !

https://abcnews.go.com/Business/story?id=119889047

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As Tesla stock has fallen in recent weeks, members of the board and an executive at Elon Musk's company have been selling off millions of dollars in stock, according to filings with the U.S. Securities and Exchange Commission.

Together, four top officers at the company have offloaded over $100 million in shares since early February.

Last week, longtime Musk ally James Murdoch -- the estranged son of Fox boss Rupert Murdoch and a board member since 2017 -- became the latest to do so, exercising a stock option and selling shares worth approximately $13 million, according to an SEC filing. The sale took place on March 10, coinciding with the stock's largest single-day decline in five years.

According to one filing, the shares were sold "to cover the exercise price relating to the exercise of stock options to purchase 531,787 shares, which are scheduled to expire in 2025."

Elon Musk's brother, Kimbal Musk, who also sits on the board, unloaded 75,000 shares worth approximately $27 million last month, according to a filing.

The chairman of the board, Robyn Denholm, has offloaded more than $75 million dollars worth of shares in two transactions in the past five weeks, federal filings show. The selloffs made by Denholm came as part of a predetermined sales plan.

Perhaps they were watching the markets?

https://www.thisismoney.co.uk/money/...-crashing.html

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Chinese 'Tesla killer' cars can charge in just five minutes - sending shares in Musk's firm crashing

It has been dubbed ‘the Tesla killer’. And shares in Chinese electric car champion BYD soared to a record high yesterday after it claimed it can charge its vehicles as quickly as it takes to fill up with petrol.

That suggests BYD, which includes Warren Buffett among its backers, has overtaken Tesla and others in developing fast-charging technology for EVs – giving it a crucial edge over its rivals.

The surge in the BYD share price – taking gains this year to 55 per cent – came as Tesla fell another 5 per cent to take its losses for 2025 to almost 41 per cent.

The contrasting fortunes underline the threat posed to Tesla – run by Donald Trump’s ally Elon Musk – from Chinese rivals.

‘BYD is surpassing its competitor,’ said Jochen Stanzl, chief market analyst at CMC Markets.

Tesla has lost more than half its value since the shares peaked in mid-December – wiping £630billion off its value and £120billion off Musk’s fortune.

Hedge funds that took out short positions against the electric car maker – betting the stock price would fall – have made an estimated £12.5billion over the past three months.