On February 25, foreign media Tesla reported that Tesla CEO Elon Musk tweeted in early November 2021 that he had paid a huge amount of taxes, that he might sell his shares in large quantities, and that netizens would vote on whether to sell them. After the tweet, Tesla's stock price fell 5% the next day.
His brother, Kimbal Musk, sold Tesla stock the day before he tweeted, and the SEC is investigating the incident. Musk argues that his Twitter-launched stock cost him $1 billion when selling stocks, so it's ridiculous to say he cares about his brother making millions less when selling stocks.
Indeed, Musk is under no obligation to inform shareholders in advance that he will sell his shares. That way, at least when he sells his stock for the first time, he can make a lot more money. However, after he sold his stock for the first time, the SEC would report the big deal, and the outside world would know about Musk's stock sale. At that time, Tesla's stock may fall more fiercely, which is not conducive to his subsequent sale of stocks.
Tesla's other major shareholders say they already knew musk's plans to sell the stock. Tesla gave Musk a large number of options as an incentive to work as his CEO, which will be honored this year, and Musk will have to sell shares to pay such taxes.
Shareholders know musk is going to sell shares, but they don't know exactly what day musk is going to sell shares. Kimbal Musk sold stock the day before his brother tweeted, which has to be said to be a bit too coincidental, so the SEC should also investigate accordingly.
Since the beginning of November last year, Tesla's stock price has been on a downward trend. There are more and more Tesla competitors in the market, and the electrification and intelligence process of traditional car companies is also accelerating step by step, and Tesla is being caught up by opponents step by step.
Tesla's main advantages at present are the degree of intelligence of the car and the huge amount of driving data that can help Tesla continuously improve the level of assisted driving. After the level of assisted driving reaches L2, the driver's fatigue can be reduced a lot. The level of assisted driving should reach L3 and L4 not only on the software side, but also on the road marking. If Tesla's assisted driving has reached 85 points, and competitors have also moved towards 80 points, Tesla's advantage will no longer be obvious.