Tesla, Cardiovascular probed over stock trading plans: WSJ - Yahoo! News Does this mean anything, just popped up on Yahoo news?
Does this piece of news sounds as a fake, or it is just me?? Tesla, Cardiovascular probed over stock trading plans: WSJ
Well it's no news. A quick wikipedia search confirms what I always thought to be the case: the "10b5-1 plan" is the what we are seeing from Tesla insiders: excercising of options followed by automatic sale of a corresponding number of stock on predefined dates... nothing fishy nor illegal about that??? This "news article" is a joke.
i'm pretty sure it is legitimate. one of the private equity investors in tesla dumped a bunch of shares shortly after tesla was aware that abu dhabi was going to sell a bunch. it's not good press but it is something that happened far in the past and i don't believe affects tesla today. it is not tesla committing any wrongdoing - rather it's the tesla director or his employer that was potentially engaged in illegal trading activity.