Overview

• Tesla insiders have exclusively sold shares over the past five years, with no purchases recorded until now.
• Joe Gebbia, Airbnb co-founder and Tesla board member since 2022, bought 4,000 shares worth $1 million last week.
• This marks the first insider purchase since 2020, contrasting with recent large sell-offs by other board members, including Robyn Denholm and Kimball Musk.
• The purchase follows Tesla's worst quarterly performance in years, alongside a surprising 20% rebound in its stock price.
• Insider trading activity, publicly disclosed under SEC rules, is viewed as a key indicator of internal confidence and governance at Tesla.