Tesla CFO Vaibhav Taneja stock sale: After board chair, now Tesla’s CFO Vaibhav Taneja sells $8 million worth of company’s shares amid stock price volatility and market jitters
Tesla’s financial woes persist as the firm’s CFO, Vaibhav Taneja, sold $718,000 of Tesla stock recently, adding to a growing tide of insider sales, as per a report. That adds up to more than $8 million of stock sold by Taneja in the past 90 days, reported Fortune.
Insider Sales and Investor Concerns
Taneja’s sale follows a tough period for Tesla. The company has experienced significant production setbacks, including a retooling shutdown at its German plant to facilitate the rollout of the revamped Model Y, according to Fortune. After that, sales in Germany fell 76% last month, as per the report.
Even other internal issues, have added to the pressure on the stock, which has already declined due to decelerating growth estimates, reported…
