Top Tesla shareholders selling off stock (www.newsweek.com)

submitted 2 weeks ago by MicroWave@lemmy.world to c/economics@lemmy.world

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Summary

Multiple Tesla executives and board members, including James Murdoch, Robyn Denholm, Kimball Musk, and CFO Vaibhav Taneja, have sold over $100 million in company stock amid a 50% price decline since December.

Tesla's market cap has dropped $800 billion, reducing Elon Musk's net worth by approximately $100 billion.

The selloff coincides with consumer backlash against Musk's role in the Trump administration as head of DOGE.

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[-] naught101@lemmy.world 2 points 2 weeks ago

Birth rates are declining, so it'll be becoming more common.

I think not many people have a really good understanding of rates of change. The actual impacts are pretty stochastic, so even if things get 10x worse there's lots of places that will remain unscathed.

this post was submitted on 20 Mar 2025

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