Mike Stein - Senior Research Associate
As shown on the graph below, shares of Tesla Inc. (TSLA) have surged since mid-2019, and hit an all-time high of $900.40 on Jan. 25. On Feb. 8 and Feb. 9, the following directors sold a total of 180,747 shares of the electric vehicle company for a total of approximately $153 million. Their aggregate sale marks the largest combined monthly disposition in TSLA's history.
While neither insider boasts a high Insider Rating of their sales, the size of their collective disposition is worth noting. Their dispositions could imply an opportunity for investors to take profits from the stock following its' significant rise over the past few years.
[After this article was originally published on Feb. 11, Vice President of Powertrain and Energy Engineering Andrew D. Baglino and President of Automotive Jerome M. Guillen reported selling an aggregate of 14,000 shares on Feb. 10. Their sales bring this month's aggregate selling total by insiders to $164.6 million.]