Weekly Insider Money Tracking: Elon Musk's Brother Sold $20M of Tesla Stock
1 | Below is a look at the top insider trades with the biggest value in the past week.
Elon Musk's brother and $TSLA.US$ board member Kimbal Musk sold 100,000 Tesla shares worth almost $20 million on April 3.Kimbal Musk acquired 100,000 shares by exercising stock options, and sold an equal number of shares through a so-called 10b5-1 plan. That plan allows corporate insiders to sell stock in an orderly, automated fashion, helping them manage their own finances while avoiding perceptions of any impropriety.
2 | Weekly Congress tracking
There is no congress trading activity filings for the week.
Despite their influence and extensive access to information, members of Congress can buy and sell stocks with few restrictions. Individual investors could potentially make use of this alternative data of the latest Senate stock disclosures to obtain market insights.
Source: Barron's, Benzinga, Finviz
Disclaimer: This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors' financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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Christyxinxin : 2000w is not a thing for Tesla, don't worry too much
noglyph : The sale of 100,000 shares could actually be a sound decision depending on Kimbal Musks' expectations. This type of transaction would help protect an investor from potentially large losses. Whether the options improve the performance of volatility, diversifying an investment portfolio, or preservation of wealth, $TSLA.US$ remains a business that he genuinely believes in and supports their efforts to create a better and more sustainable future.
Wacho-el-Wero : Buy the dips
XU HAOCHEN : Tesla is expected to plummet on Monday and cash out the stock again
71724677 : Why are the caterpillars falling?
haarBhai : options exercised stock which he get profits and sold. He will buy another option to make more money. Investors/traders think tesla will be down because insiders sold( he sold around 200/per share), we sell in losses (185 or less). cycle of losses for panic selling
Mcsnacks H Tupack : EV vehicles are in a severe in-demand decline. Companies aren't profiting from EV's. Insurance agencies are having to declare total losses on EV's that suffer minor accidents due to battery damage. Ford has lost 5 billion so far on EV's. Tesla production cannot increase because they can't sell the cars that fast. I see their EPS falling short of expectations