Part 6/9:
Amidst the chaos, another narrative emerged accusing Tesla's executives and board members of continuously selling their stock, suggesting a lack of long-term investment in the company. However, Goldberg quickly dispelled this rumor, highlighting that recent stock sales by board members, including Robin Denholm's sale of $32 million worth of stock options, were actually part of a necessary financial strategy due to taxation and stock option expiry policies.
He explained that when board members exercise stock options, they often have to sell portions of their shares to cover taxes owed from the profits realized. This nuance often gets lost in public discussions, leading to misconceptions about the commitment of Tesla's board to the company's future.