Tesla Inc. shares declined 2.2% in premarket trading following reports of lower May sales in Portugal, Denmark, and Sweden. Despite a collapse in sales across much of Europe, Tesla experienced a 213% increase in Norway, with sales rising from 690 to 2,346 vehicles. However, the company is not pursuing manufacturing expansion in India, according to a government minister. Additionally, Tesla's Chief Financial Officer has recently sold 6,000 shares, continuing a pattern of multiple monthly sales. Concerns have also been raised about CEO Elon Musk's admitted regular ketamine use in 2024, with skepticism about his claims of cessation. These developments have sparked criticism regarding Tesla's stock promotion and investor confidence.
Large amounts of ketamine can make anyone feel like they rule the world, @shayla__love reported in March. When should Americans start worrying about Elon Musk’s regular use? https://t.co/ZR2QK2pwzq https://t.co/KxRsizV4UC
The $TSLA CFO just dumped ANOTHER 6000 shares today-- this is now a multiple times-per-month thing for him. I guess-- unlike $TSLA holders-- at least HE's not one of Musk's SUCKERS at the poker table! https://t.co/gQ5Mciz8k6 https://t.co/FGNA6Oo5mx
Want to know the definition of "Stock Promo Desperation"? When the CEO of a $1 trillion market-cap car company retweets selling a total of 643 cars in a WHOLE MONTH in an ENTIRE COUNTRY! Hey $TSLA shareholders: YOU are the SUCKERS at the poker table! https://t.co/xpMJadmFfG