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If he has shares in company A he can sell them and buy shares in company B.
by beardyw 4y ago
If he has shares in company A he can sell them and buy shares in company B.
- klyrs 4y agoThat's above-board. Making Tesla engineers moonlight (or daylight) on Twitter code is not. He's gotten fined for pulling similar shenanigans with Tesla&SpaceX.
- deleted 4y ago[deleted]
- panick21_ 4y ago> He's gotten fined for pulling similar shenanigans with Tesla&SpaceX. I follow this companies, specially pretty closely. Please provide a source. Usually how it works that one company pays the other a service fee for the time used. This is also used by the Boring company.
- sidibe 4y agoI thought normally CEOs have to plan pretty far ahead to dump stocks so there's no suspicion of insider trading. When he first unloaded to buy Twitter a lot of people were speculating it was an excuse to unload TSLA ahead of bad news like finally facing consequences for FSD. You'd think if CEOs/founders are careful about announcing sales ahead of time, selling suddenly and after previously tweeting he was done selling would have consequences. In the end I think regulators in automobile and financial industries rely a lot on self regulation and don't know what to do when someone doesn't even go through the motions