Re: Musk Must Go

On Thu, 20 Mar 2025, JAB wrote:

Top Tesla investor issues brutal ultimatum to Elon Musk amid major
stock plunge and boycott threats
>
A major Tesla investor made the stunning decision to call on Elon Musk
to step down as head of the company as its stock prices plunge amid a
nationwide boycott.
...
...
Gerber was one of the earliest investors of Musk's car company, and
his wealth management company now owns about 260,000 shares of Tesla
stock - worth around $105 million, according to LBC.
>
He is not the only one who has been offloading their Tesla stocks, as
ABC News reports that four top executives at the company have sold
over $100 million worth of shares since early February.
>
James Murdoch - the estranged son of Fox boss Rupert Murdoch - became
the latest to do so last week when he exercised a stock option and
sold shares worth approximately $13 million, a Securities and Exchange
Commission filing shows.
>
The sale came on March 10 - coinciding with the stock's largest single
decline in five years.
>
Even Musk's own brother, Kimbal Musk - who sits on the board for Tesla
- unloaded 75,000 shares worth approximately $27 million last month
and Tesla Chief Financial Officer Vaibhav Taneja sold off shares
totaling more than $5 million in recent weeks
...
...
'Whenever insiders, including directors, are selling shares, it's not
a positive signal,' Jay Ritter, a professor of finance at the
University of Florida, told the outlet.
>
https://www.dailymail.co.uk/news/article-14513255/Ross-Gerber-ultimatum-Elon-Musk-Tesla-CEO.html

True. It is volatile out there. Better to sell a part and secure a little nest egg!