Tesla shareholders are experiencing another turbulent period, with the latest insider stock sale adding to mounting pressures.
On Monday, James Murdochson of media mogul Rupert Murdochexercised and immediately sold 54,776 stock options, netting $13.2 million and contributing to the company’s worst single-day decline since September 2020.
Murdoch, a board member since 2017, joins a growing list of Tesla insiders liquidating shares, including chair Robyn Denholm, Kimbal Musk, and finance chief Vaibhav Taneja.
As a defendant in a pending Delaware court case seeking to recover $920 million in excess compensation, Murdoch’s sale follows a predetermined 10b5-1 trading plansimilar to recent transactions by other executives.
The sale occurs amid four consecutive weeks of declining stock value, erasing gains from the post-Trump election period and pushing Tesla to its lowest point since late October’s quarterly earnings report.
The insider selling has deeply impacted Tesla’s devoted retail investor community. Many shareholders are actively sharing purchase screenshots to bolster collective morale, hoping to prevent a cascading sell-off.
Zacks Investment Research strategist Mayur Thaker recently experienced the community’s passionate defense when Alexandra Merz, an influential community member, cautioned him about criticizing board chair Robyn Denholm.
“I previously suggested firing Denholm,” Thaker acknowledged, “but was reminded of the nuanced circumstances.”
Merz subsequently engaged her followers constructively, polling them about potential recommendations for the board. She forwarded the top three suggestions directly to Denholm, who expressed appreciation for the feedback.
Tesla has not responded to comment requests regarding these developments.
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