Elon Musk's Closest Allies On The Tesla Board Are Selling Their Shares, With Over $100 Million Sold Off Since February

Benzinga

Tesla board members and executives have sold over $100 million in stock since February as shares continue to decline, according to ABC News. The estranged son of Fox boss Rupert Murdoch and board member James Murdoch sold $13 million in shares on March 10th, the same day Tesla stock saw its worst drop in five years. Musk's brother and board member Kimbal Musk sold shares for $27 million last month. Tesla Chair Robyn Denholm offloaded $75 million in two transactions under a predetermined plan. Predetermined sales plans help prevent concerns about insider trading. Some sales may also reflect personal financial decisions.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Board members and executives have sold over $100 million in stocks since February,

00:07as shares continue to decline, according to ABC News.

00:11The estranged sons of Fox boss Rupert Murdoch and board member James Murdoch

00:15sold $13 million in shares on March 10, the same day Tesla stocks saw its worst drop in five years.

00:23Musk's brother and board member, Kimball Musk, sold shares for $27 million last month.

00:28For all things money, visit Benzinga.com slash GSTV.

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