The Future for Tesla Stock Following the Insider Trading Scandal

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At the end of January, Tesla released its Q4 earnings report for 2021, and it seemed like everything was going well.

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However, things now appear to have taken a turn for the worst; The end of February brought in news that the SEC had accused Musk of insider trading.

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When it comes to this case, the finer details of who is at fault might be complex, but the bare bones of what happened are simple enough to explain in a few words.

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Elon Musk’s brother Kimbal Musk sold $108 million worth of Tesla shares one day before Elon Musk tweeted a poll asking the world if he should sell his own 10% stake.

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As anyone could have predicted based on the track record of Musk’s tweets, the poll sent stockholders into panic, resulting in a dip in the Tesla stock price.

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Insider trading laws are in place to ensure that individuals who have “insider knowledge” of what could happen to the market — such as employees or shareholders — don’t use that to earn profits.

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