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Fortune
Fortune
Christiaan Hetzner

Tesla's finance chief joins board chair in unloading stock

Tesla director Kimbal Musk speaks onstage at Move Over NFTs. (Credit: Chris Saucedo—Getty Images fpr SXSW)
  • At a time when sentiment in the stock is at its most vulnerable in months, Vaibhav Taneja opted to cash in more of his shares, bringing his 90-day total to $8 million. "Tesla bulls find themselves with their back against the wall,” admitted Wedbush Securities analyst Dan Ives.

Tesla finance chief Vaibhav Taneja converted some of his shares in the carmaker to cash, adding to the selling pressure on the beleaguered stock. 

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