New Delhi, Aug. 17 -- Tesla's Senior Vice President, Xiaotong Zhu (also known as Tom Zhu), has sold more than 82% of his Tesla holdings. The stock sales occurred between 2023 and 2024 at prices ranging from $174 to $323 per share, according to securities filings.
This major sale by a top executive has raised questions about insider confidence in the company.
Amidst the news of the stock sale, Tesla CEO Elon Musk has issued a strong warning to short sellers. In a post on X (formerly twitter), he stated that short sellers would be "obliterated" if they do not exit their short positions before Tesla reaches "autonomy at scale."
Musk's comment was a direct response to a list of current net short sellers of the Electric Vehicle (EV) manufac...
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