Elon Musk is the largest single shareholder of Tesla Inc TSLA Warehouse. The company’s CEO has been one of the company’s key investors since its inception and is also important to the company’s future, which is where he bets his personal money.
Here’s a look at how investors can see when Musk and other Tesla executives are buying and selling the electric vehicle company’s stock.
Tesla Insider Trades: Petrol gas insider trades Tool shows executives buying and selling stocks. The Tesla page shows the Sold by Musk In early August, giving him 155,039,144 shares of Tesla.
Following a three-for-one split, Musk now owns 465,117,432 shares of Tesla.
The Insider Trades page also reveals that Tesla is CFO Zachary Kirkhorn sold company shares in September and October.
Several Tesla executives also sold options in the second half of 2022. Benzinga previously noted that there have been no purchases of Tesla common stock by executives outside of options trading since April 2021.
By following the Benzinga insider trades page for Tesla, investors have been able to see when Musk and other executives are selling shares in the company.
Executives may sell stocks for a number of reasons, including using the capital elsewhere, for large purchases like a house or car, or to cover tax payments. Investors may also associate insider selling at a company as a sign that the company may be headed for a period of slower growth, and executives believe shares may decline.
Spotting insider trading could help prevent further losses for investors.
Related link: Why haven’t Tesla executives bought stock this year?
Why it matters: Musk sold shares of Tesla in August, attributing the sale to his own pending acquisition the social media platform Twitter Inc TWTR.
“In the (hopefully unlikely) event that Twitter forces this deal *and* some equity partners don’t go through, it’s important to avoid a fire sale of Tesla stock,” Musk tweeted on Twitter.
