Part 4/12:
The conversation turned to Elon Musk's recent insider stock sales, which naturally raise eyebrows. Rush pointed out that insider selling isn't inherently negative—oftentimes, Musk may sell Tesla shares to exercise stock options or fund personal endeavors. Despite selling, Musk retains over $100 billion worth of Tesla stock, and his investment remains significant.
For long-term Tesla bulls, Musk's actions shouldn't be a cause for alarm. As Rush puts it, "Elon could be selling stock to buy more Tesla stock," suggesting these sales might serve strategic or liquidity purposes rather than a lack of confidence.