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Company Insiders Are Back in Buying Mode—Even Tesla’s Elon Musk
It’s going to be another absorbing day for Tesla investors and others watching the stock.
The electric-car maker’s stock fell 6% Thursday but held above $1,000, perhaps suggesting investors are intent on defending that level. It was a strange day really—social media had expected big news but instead there was no news, apart from CEO Elon Musk selling more stock. He sold another 934,091 shares for $963.2 million, taking the total share sale on his selling streak above 11 million, while also exercising options to purchase 2.2…