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As far as I know, he isn't trading any of his stock, so any market movement he wouldn't personally benefit from. Unless someone can prove that he made statement
by yborg 8y ago
As far as I know, he isn't trading any of his stock, so any market movement he wouldn't personally benefit from. Unless someone can prove that he made statements at the behest of someone that did trade the stock, I can't see how this breaks any laws. As an aside, since the stock is essentially a Musk sentiment gauge rather than having anything to do with the actual fiscal performance of the company it must be fun algo trading his Twitter feed...
- OscarCunningham 8y agoHis compensation from Tesla is based on the stock price.
- whatok 8y agoAre you kidding me? He owns close to 20% of the company. How does this not benefit him?
- gpm 8y agoThat's too simplistic an analysis. It only benefits him if 1. The news is false 2. He cashes out before the stock price returns to it's previous level We can check if he is doing 2, because insider trading rules requires he announces trades in advance. Has he announced any trades?