Part 2/13:
Looking at publicly available data from NASDAQ, there is a notable pattern in insider trading activities. Much of the activity among Tesla executives relates to exercising stock options, not outright purchases of new shares. Exercising options means that these executives are buying shares at a predetermined, often lower price that was granted to them as part of their compensation. This process is more akin to exercising a stock-based incentive than buying shares at current market prices.