The post Monster insider buy alert for Tesla stock, biggest since 2020 appeared on BitcoinEthereumNews.com.

⚈ Tesla board member Joseph Gebbia bought 4,000 shares, the first insider purchase since 2020.⚈ The buy signals confidence amid falling sales, insider selling, and rising competition.⚈ Tesla stock jumped 23% as investors reacted to the buy and Musk refocusing on the company. Joseph Gebbia, a Tesla (NASDAQ: TSLA) director and board member, has executed the company’s first insider buy since 2020, acquiring 4,000 shares of the electric vehicle (EV) stock. Gebbia, who is also a co-founder of Airbnb (NASDAQ: ABNB), purchased the shares at $256.31 each, totaling $1,025,240, according to filings with the Securities and Exchange Commission (SEC) on April 24, 2025.  Joseph Gebbia Tesla stock insider buying filing. Source: SEC Following the transaction, Gebbia beneficially owns 4,111 Tesla shares through a trust, as disclosed in the filing. He is listed as a 10% owner in the Texas-based firm, with his indirect ownership held via the trust. TSLA insider selling spree This purchase is significant, considering that Tesla insiders have sold over 1.15 million shares in the past 12 months, with no discretionary buys before the Gebbia trade. This includes 371,556 shares sold over the past three months and 986,836 shares sold over the last six months. Furthermore, institutions have also been on a TSLA stock dumping spree. To this end, a Finbold report found that in Q1 2025, the capital inflow from this class of investors into Tesla declined by 95.12% compared to the previous quarter, falling from $52 billion to $2.54 billion. The timing of the insider buy could be seen as a major vote of confidence in the EV maker, especially given its recent challenges.  Notably, Tesla is still grappling with increased competition from Chinese automakers like BYD, losing dominance in key markets, and sustained backlash against CEO Elon Musk for his political stand.  To compound…

---

Filed under: News - @ April 29, 2025 8:26 am