Tesla investors demand Musk work 40-hour week at EV maker
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Elon Musk reportedly faced pressure from Tesla's board before he announced that his time as DOGE chief was coming to an end
18hon MSN
On Tuesday, the company published SEC filings proposing the sale of securities under trading plans by members of the board of directors estimated to be worth nearly $200 million.
Elon Musk criticised Donald Trump's "One Big Beautiful Bill," which aims to implement significant tax cuts and reforms, labeling it a "massive spending bill" that could worsen the budget deficit.
The most recent sales come from Ira Ehrenpreis and Kimbal Musk. Ehrenpreis, who is the founder of venture capital firm DBL Partners, filed Form 144 for the sale of 477,572 Tesla shares worth around $162.1 million. The sale comes from the exercise of options.
The chair of Tesla sold more than $230 million of company stock since Elon Musk’s endorsement of Donald Trump triggered boycotts and protests against his cars, sending its profits and stock price plunging.