CFO TESLA, board members, unload millions in stock – CFO diving

Diving short:

• Tesla Financial Officer Vaibhav Taneja, chairman of the board Robin Denholm and board member Kimbal Musk – brother of CEO Elon Musk – sold shares to the company for electric vehicles this week by selling tens of millions of shares to the company, according to the company The latest securities documents.
• Taneja, a veteran of the company that took the place of financial officer in 2023, sold approximately $ 7,000 worth approximately $ 2.8 million on Monday while Denhalm, also Monday, sold 112 390 shares for about $ 43 million, according to submission to companies with the Securities and Exchange Commission on Monday. Meanwhile, Kimbal Musk sold approximately $ 27 million in shares on Thursday, according to another submission.
• Share sales come after Denhalm, Kimbal Musk and other members of the Tesla-Board of James Murdoch and Oracle co-founder Lawrence Elison-recently agreed to return approximately $ 919 million in Dela in Dela to Selista to Selista in Dela. The agreement followed a case claiming that directors had paid themselves, Reuters announced recently.

Diving insight:

Board members have agreed to return approximately $ 277 million in cash, $ 459 million in stock options and to abandon the stock options for the period between 2021 and 2023 worth about $ 184 million, Reuters reported. The directors did not recognize unlawful action.

The highest leadership sales also come as the EV company faces an uncertain regulatory environment in the United States – the close ties of Elon Musk with President Donald Trump, Tesla is among the businesses that could be influenced by the potential rates offered by the new Administration. Tesla remains “very relying” in parts of its vehicles received from the global markets, Tanedzha said during the last call for the company’s profit on January 29, with a warning to the Financial Officer having a negative impact on Tesla’s profitability.

In addition, the plans of the new administration for “Removal of the Mandate of Electric Vehicles”, as set out in a recent enforcement order – which may include the possible elimination of EV tax credit for buyers – could encourage sales for the company at a time when Complete search for EVS decreases, CFO Dive reports earlier.

The sale of Kimbal Musk of approximately $ 27 million dollars to the company is also coming, as Tesla is designed to have its oldest week after the US presidential election, partly because Bloomberg classifies “shockingly bad” sales report – Which can show Musk’s political activities about Musk’s political activities in the United States hurt EV’s profitability, according to a Friday report. Tesla sales in Germany fell to their lowest figure in four years last month, while sales in France and the United Kingdom also decreased. Meanwhile, supplies to China have dropped by 11.5% compared to the year, Bloomberg reports.

Discussing Tesla’s efforts to completely release self -driving vehicles during the company’s Q4 profit call, Musk cited Europe as “a layer of regulations and bureaucracy that really needs to be addressed.”

Musk remains the scourges on Tesla’s prospects, claiming during the call that “things will really become ballistic next year and really ballistic in ’27 and ’28. The EV manufacturer reported an 8% decline during the year of car revenue, registering about $ 19.8 billion in Q4 compared to total revenue from vehicles of $ 21.5 billion in Q4 2023, according to companies profit results S

Tesla did not immediately answer requests for comment.