Tesla (TSLA, Financial) isn't just making waves in the EV world—it's making its insiders some serious cash. Robyn Denholm, Tesla's Chair, and Kimbal Musk, a Tesla director and Elon's brother, recently sold millions worth of shares, all neatly pre-planned under trading rules. Denholm exercised 112,390 stock options at a bargain-basement price of $24.73, flipping them for a cool $32.5 million at market rates of $310 to $320 a pop. Meanwhile, Kimbal sold 63,385 shares earlier this month, netting over $15 million. And don't worry—neither is walking away anytime soon; they're both still sitting on hefty holdings.
Why now? Timing is everything. Tesla shares are up a staggering 38% since election day, with the market rallying around optimism for CEO Elon Musk, who's seen as a potential political power player. Investors are also jazzed about Tesla's future in autonomous driving, including Full Self-Driving and robotaxis as key pieces of the puzzle. Still, it's not all smooth driving ahead—questions about Tesla's camera-based system versus lidar tech persist, and there's a looming threat that the $7,500 federal EV credit might get the ax.
So, what's the big picture? These insider sales show a mix of smart personal financial moves and Tesla's continued dominance in the market. The company's value-add lies in its ability to stay ahead of the curve, whether through tech innovation or navigating the murky waters of regulatory changes. For investors, the signal is clear: Tesla's got the potential to deliver big, but the ride might get bumpy. Buckle up.
