Even Tesla's Board Are Dumping Their Stock

As Tesla's shares continue their monthslong slump, even its executives and board members are starting to jump ship. As ABC News reports, four top officers at the company offloaded over $100 million in shares since early last month — suggesting that even insiders see troubling days ahead for the Elon Musk-run company. Since Trump's inauguration in early January, Tesla's shares have been getting hammered, the result of widespread market pessimism, an aging vehicle lineup — and perhaps mainly animosity aimed at Musk, who has been rampaging through the federal government with the help of his so-called Department of Government Efficiency. The company's shares have plummeted over 40 percent since the beginning of the year, wiping out all gains Tesla had made since Trump was reelected in November. Sales numbers have fallen off a cliff in key markets around the world. Tesla's performance is down in almost every single European market. Even sales in China, one of the company's most lucrativ ... Read full article.