Hyperdrive
Tesla Insider Stock Sales Are on Pace to Eclipse a 2013 Peak
- Five people net $52.2 million with pre-arranged trading plans
- Majority of senior executives still holding on to their stock
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Tesla Inc. senior managers and directors -- excluding Chief Executive Officer Elon Musk -- are on pace to collect the most money from selling the automaker’s stock in at least six years.
Five insiders netted $52.2 million so far this year from share sales, after subtracting the cost of exercising stock options, according to data from InsiderInsights.com, which analyzes such transactions. If that continues at the same rate, and assuming Tesla’s beaten-down shares don’t fall further, the annual total could eclipse the 2013 peak of $111.2 million.