Comment by 542354234235

First of all, there has been a significant selloff by Tesla top executives, including over $10 billion by Musk in the past 3 years [1,2,3]. The main reason he can’t sell of more is that he is still fighting in court to get his insane $56 billion executive bonus, which would be primarily in Tesla stock [4]. I say insane because it is over 500 times larger than any bonus given by any other company ever and is equivalent to giving every other Tesla employee an almost half a million-dollar bonus. I think we will see a lot more sell offs once the outcome of that legal battle is done, whether it comes out positive or negative for Musk.

More broadly, I think Tesla’s general valuation is a house of cards that his been hyper inflated by years of Musk lying to investors about future sales, future products, and future features. He promised a million driverless taxi’s that would make $30,000 profit each year would be coming “next year” in 2019 [5], that full self driving was coming in an update “next month” in 2020 [6] and wildly incorrect capabilities of basically every product ever released.

[1] “four top officers at the company have offloaded over $100 million in shares since early February [2025]… Elon Musk's brother, Kimbal Musk, who also sits on the board, unloaded 75,000 shares worth approximately $27 million last month” https://abcnews.go.com/Business/tesla-board-members-executiv...

[2] “Musk sold a total of 41.5 million shares of Tesla stock between November 4 and December 12 [2024]… The sales came not long after a October 19, 2022 earning call in which he told investors ‘I can’t emphasize enough, we have excellent demand for Q4.’… But when Tesla reported fourth-quarter sales, they were far weaker than forecast, and that sent stocks down 12%, the worst day of trading for the stock in more than two years.” https://www.cnn.com/2024/06/04/business/musk-tesla-stock-sal...

[3] “Tesla CEO Elon Musk said Thursday he does not plan to sell any more shares of Tesla for at least the next two years, after the billionaire and nascent Twitter owner offloaded nearly $3.6 billion worth of stock this week [2022] as Tesla's share price tumbled.” https://www.forbes.com/sites/nicholasreimann/2022/12/22/musk...

[4] https://www.investopedia.com/elon-musks-multi-billion-dollar...

[5] https://www.cnn.com/2019/04/22/tech/tesla-robotaxis/index.ht...

[6] https://www.whichcar.com.au/news/tesla-level-five-absurd-say...