- Era Erenbress, Chairman of the Tesla Compensation Committee, and Kimbal Musk liquidated all the shares they transferred from call options On Tuesday, in transactions that achieved $ 162 million and $ 31 million, respectively. Timing Repeated stock sales have been a source of frustration with shareholders in recent months.
Two of the main informed in Tesla dozens of stock options worth millions of dollars, which controls cash instead of sticking to stocks such as CEO Elon Musk.
On Tuesday, the company published the SEC files that suggest the sale of securities under trading plans by members of the Board of Directors, estimated at $ 200 million. All stock converted from options were subsequently sold within that very same day.
While in the past monthsmostThe sales of stocks from the chair of the Board of Directors were emittedThis time it was Musk Confidante Ira Ehrenpreis, who sold More than 47,7500 sharesAt a value of $ 162 million, according to the 144 model.
Ehrenpreis is one of the tallest Tesla service managers, after joining the board of directors 18 years ago. He Chairs the Committe Tasked with Profung to Shareholders a New Pay Package for their CEO.
Another manager who raises his disbursement is Kimbal Musk, brother of the younger CEO. He indicated 144 to himAlmost 91600 sharesIt was liquidated to make a little more than $ 31 million. Master’s brother, who does not sit in any board of directors because he is not an official independent, he hadThe last sale
filteringSome of his shares. بالمقارنة ، يواصل الرئيس التنفيذي Elon Musk التمسك بجميع أسهمه ، بعد أن باع مؤخرًا Late 2022 As soon as he was acquired twitter.
More importantly, Tuesday’s transactions are not an indication of the interest in the current quarter because the timing was not a dawn. Trading was carried out by separate 10B5-1 plans arranged last year by Ehrenpreis and Musk.
The stocks continue to gather while the musk leaves Washington
Tesla managers were not the only ones who sell shares in the EV maker. Cathy Wood, Thor Tesla with a target price per price $ 2600, long -term targeted, Discharge 27,377 shares in Tesla from her money in Ark Invest.
The timing has proven to be very useful. The stock has gathered more than 50 % since the profits of the first quarter of April, when Musk pledged to set his time with President Trump.
The last closure price in Tesla of $ 362.89 means that investors are ready to pay 125 times from the profits of consensus for the next year on shares. On Tuesday, when trades were carried out, the stock increased by 6.9 % with reports due to the comments from Musk stating that it will be now Devoting all the time to wake up For his commercial interests instead of investing more time in politics.
ininterviewTesla CEO has strengthened perceptions that his time in Washington took place after his Republican allies in the capital regretted their failure to make permanent pieces.
This story was originally shown on Fortune.com
https://fortune.com/img-assets/wp-content/uploads/2025/05/GettyImages-1238606764-e1748446071972.jpg?resize=1200,600
Source link