Tesla (TSLA) gets rare insider-purchase and the CEO sells $ 32 million immediately afterwards

Tesla (TSLA, Financials) finally got a rare trust exhibition from his meeting room. The director Joe Gebbia, better known as billionaires co-founder of Airbnb, bought Tesla Stock of the first insider worth $ 1 million in over five years.

But this hopeful signal did not stop. Within one day, the chairman of the Tesla board member Robyn Denholm sold more than 32 million US dollars in shares, which was increased to almost 150 million US dollars that it has unloaded since December.

The purchase of Gebbias 1 million US dollars is small in addition to its 8 -billion dollar -but Nombenoo Tesla Insider has bought shares on the open market in 2018.

The latest sale from Denholm brings its total turnover as part of a preset 10b5-1 plan to around $ 150 million in less than five months.

Tesla has exposed a running joke for a long time: insiders only sell themselves. Gebbias Kauf has broken that patterns and Tesla tries to rekindle the investor excitement with regard to robotaxis and AI.

Nevertheless, Denholm’s sale shot cold water on this enthusiasm. Her low-profile leadership style has caused mixed reactions, especially since Elon Musk shifts the priorities and the company has difficulty fulfilling its inexpensive EV promises.

In the meantime, the numbers do not help. Tesla’s operational margin of Tesla sank for the first time in years to 2.1%of the lowest vehicle sales since 2019.

Denholm’s term of office ends next year. Musk doubles on robotaxis and AI hardware. But as a long -standing customer, become restless and repeatedly exploit insiders, the investors may ask themselves: Whoever still has skin in the game at Tesla?

This article first appeared on Gurufocus.