New Delhi, Aug. 18 -- Tesla's Senior Vice President has divested more than 82 per cent of Tesla Inc. holdings since 2023, as per the regulatory filings.
Reportedly, the SVP Tom Zhu (also known as Xiaotong Zhu) sold the shares at prices ranging from $174 to $323 per share.
Moreover, Zhu sold these stocks between 2023 and 2024. This major share sale raises serious concerns about the insider confidence in the company.
As the news of short selling sparked out, Elon Musk issued warnings to such selling activities and stated on X, " If they don't exit their short position before Tesla reaches full autonomy at scale, they will be obliterated."
Short selling is a practice of the sale of a security that the seller does not own at the time of ent...