ABC News | Tesla board members, executive sell off over $100 million of stock in recent weeks

As Tesla stock has fallen in recent weeks, members of the board and an executive at Elon Musk’s company have been selling off millions of dollars in stock, according to filings with the U.S. Securities and Exchange Commission. Together, four top officers at the company have offloaded over $100 million in shares since early February.

“Whenever insiders, including directors, are selling shares, it’s not a positive signal,” Jay Ritter, a professor of finance at the University of Florida, told ABC News.

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