Tesla executives and directors including James Murdoch are selling out of the Elon Musk-run electric vehicle carmaker, contributing to a long and brutal slump in the company’s share price this year.
Murdoch, the estranged son of media magnate Rupert Murdoch, has been on the Tesla board since 2017. He exercises stock options granting him 54,776 shares as compensation and immediately sold them for $US13.2 million ($20.9 million), according to market filings.
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Timothy Moore writes on equities, commodities and monetary policy. He writes Before the Bell and contributes to the Markets Live blog. Connect with Timothy on Twitter. Email Timothy at timothy.moore@afr.com
