4 ms·
He used that excuse to sell 9B of Tesla stocks. It's pretty hard to justify selling that much as a CEO of the company.
by xuki 4y ago
He used that excuse to sell 9B of Tesla stocks. It's pretty hard to justify selling that much as a CEO of the company.
- rcMgD2BwE72F 4y ago$9B sounds big… until you realize it's a tiny % of his holding.
- nowherebeen 4y agoIt doesn't matter how tiny. 9 billion in stock market trade by management will move the market both from the amount of sell orders and from the market reaction.
- CamperBob2 4y agoIt also sounds big until it costs him $50 billion.
- grumple 4y agoWow. Now that you say it, that seems really obvious. He managed to do an unscheduled sale of stock at the peak of the market.
- nowherebeen 4y agoUnfortunately, he didn't expect Tsla to go down so much. So now, on paper at least, he has lost more on this deal than he gained. Call it a little bit of Karma.
- fullshark 4y agoMichael Burry I think has been speculating this from the start. Probably others. Edit: Well not exactly but this is what he said: https://twitter.com/BurryArchive/status/1460124776597495808?cxt=HHwWgIC5zfHvs8MoAAAA https://twitter.com/BurryArchive/status/1460124776597495808?...