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I 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
by sidibe 4y ago
I 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