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Tesla CFO sells $1.7M more in stock
The sale comes as Tesla’s stock has lost a third of its value since President Donald Trump took office, amid a backlash against the EV maker’s CEO Elon Musk and a broadening trade war.
The sale comes as Tesla’s stock has lost a third of its value since President Donald Trump took office, amid a backlash against the EV maker’s CEO Elon Musk and a broadening trade war. In January Denholm, Musk, and other board members of the Austin, Texas-based EV maker agreed to pay back a collective $919 million to Tesla in a court settlement stemming from a shareholder lawsuit that asserted the directors had overpaid themselves, CFO Dive reported. Tesla’s stock value has sunk rapidly in recent weeks after an initial spike in the days following President Donald Trump’s election to a second term.
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