At a time when feeling in the stock has been the most vulnerable for monthsVaibhav Taneja has chosen to collect more of his actions, carrying his total from 90 days to 8 million dollars. “”Tesla The Bulls end up with their backs against the wall, ”admitted Wedbush’s Securities Analyst Dan Ives.
Tesla Finance chief Vaibhav Taneja has converted some of his actions from the car manufacturer into cash, adding to sales pressure on the besieged stock.
Initiate sales have contributed to a series of problems in the company, which is most vulnerable after interrupting operations to prepare for the global deployment of a refreshing model, whose deliveries represent almost two thirds of its activities.
Partly partly to a production closure to reorganize its German factory, sales there Tarring 76% last month.
Tesla published A SEC deposit informing Taneja investors sold on Thursday $ 718,000, which reported its total in the last 90 days to just over $ 8 million.
Contrary to President Robyn Denholm is much bigger Sale of stocks this weekHowever, it was made Apart from a 10B5-1 negotiation plan.
In other words, rather than a determining broker independently the point of view of a sale without the initiate having no direct knowledge, Taneja has actively chosen to sell shares at the current market price.
The last thing that investors need at the moment is that more initiates collect at this time sensitive since feeling is already at its lowest since the last April.
“Tesla Bulls is found with her back against the wall,” admitted Wedbush’s Securities analyst Dan Ives, who has a purchase note and a price lens of $ 550. “It’s a moment of intestinal control.”
The frequency at which Tesla’s senior management used the stock as a personal piggy bank remains a painful subject among a large number of retail shareholders.
There is even an informal basic rule for sale if you never see Musk’s younger brother, Kimbal, administrator on the board of directors, discharging his stock because he has a talent to time the peak.
On February 6, he proved it once again after liquidating 27.6 million dollars For actions at an average price just under $ 368 each. Tesla’s stock has dropped almost 30% since.
Selling earlier when the price was higher at the end of December was not an option, because the dry has strict windows in which initiates can sell safely when they do not use a 10B5-1 plan. The ideal moment is shortly after the session of quarterly results, which in the case of Tesla was January 29.
Tesla has now abandoned essentially all of his winnings from the election of Trump, when he has doubled on the job of only six weeks, becoming more precious than All combined car manufacturers.
