Big Warning Signs from Tesla
Tesla has been in a very rough patch recently, with shares dropping swiftly and deeply. However, where are things headed next? Well, an important “insider” indicator just flashed that you need to know about. Two Tesla directors have been heavily selling stock this year, showing that those close to the company are not bullish. Directors Buss and Gracias have sold nearly $47m of stock in 2019, and total sales by insiders are around $68m, almost 5x the total selling of last year.
FINSUM: We think this is quite a troubling sign and does not give us any conviction about a rebound.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.