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Tesla insiders have been unloading their shares at an impressive rate. Excluding CEO Elon Musk, Tesla executives and board members have sold more than 50% of their TSLA shares over the last year.

And that might only be part of the story.

Public companies are required to report insider trading by key executives and board members.

In recent years, Tesla’s number of key executives has dwindled to now only three:

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  • Elon Musk
  • Tom Zhu
  • Vaibhav Taneja

Here’s Tesla’s corporate governance page on its investor relations website:

That’s partly due to several of them leaving in the last year, including Drew Baglino, who was the de facto head of engineering and was listed as a key executive before leaving last year.

It’s also because Musk is known to micro-manage, resulting in him having many direct reports who would generally go through other department heads.

The result is that only two Tesla executives, in addition to Musk, who would have to report his transactions even if he weren’t CEO, since he owns more than 10% of the company, are required to report their stock transactions.

Based on Tesla’s 2024 proxy statement, here were the insider ownership last year:

TSLA Insider Ownership Total Shares Options
Elon Musk 715,022,706 303,960,630 411,062,076
Vaibhav Taneja 1,063,544 105,032 958,512
Andrew Baglino 1,218,669 31,230 1,187,439
Tom Zhu 1,996,983 63,171 1,933,812
Robyn Denholm 1,490,069 15,000 1,475,069
Ira Ehrenpreis 1,681,005 1,571,005 110,000
Joe Gebbia 111 111 0
James Murdoch 1,427,295 157,275 1,270,020
Kimbal Musk 1,950,470 1,608,720 341,750
Kathleen Wilson‑Thompson 771,255 5,400 765,855
TOTAL 726,622,107 307,517,574 419,104,533
TOTAL Excl. Elon Musk 11,599,401 3,556,944 8,042,457

Now here’s the ownership of Tesla shares and options from insiders based on the 2025 proxy statement:

Name Total Shares Options As‑of (filing)
Elon Musk 714,754,706 410,794,076 303,960,630 12/31/2024 (10‑K/A filed 4/30/2025)
Vaibhav Taneja 830,844 116,924 713,920 7/8/2025
Andrew Baglino 520,005 31,230 488,775 4/1/2024 (latest)
Tom Zhu 348,250 67,600 280,650 6/12/2025
Robyn Denholm 85,000 85,000 0 5/6/2025
Ira Ehrenpreis 855,394 855,394 0 5/27/2025
Joe Gebbia 4,111 4,111 0 4/24/2025
James Murdoch 1,282,519 884,306 398,213 3/10/2025
Kimbal Musk 1,463,220 1,463,220 0 5/27/2025
Kathleen Wilson‑Thompson 5,400 5,400 0 5/1/2025 (options canceled)
TOTAL (sum of listed rows) 720,149,449 414,307,261 305,842,188
TOTAL excl. Elon Musk 5,394,743 3,513,185 1,881,558

As you can see, excluding Musk, Tesla insiders sold more than half their shares in the company over the last year.

To be fair, some of those changes also include cancellations of stock options for board members, who settled a shareholders’ lawsuit for having overcompensated themselves.

However, it doesn’t account for the reduction in ownership of more than 6 million shares and stock options, worth approximately $2 billion at today’s share price.

There are also some specific examples of non-board members liquidating their stakes.

Tom Zhu, who has led Tesla’s manufacturing efforts and was at times seen as Musk’s number 2 at Tesla, reduced his stake by 82% in a single year.

This happened while Musk claimed that Tesla will become the most valuable company in the world and roughly 10x its current stock price due to autonomous driving and robots, a claim most unbiased analysts have been highly skeptical about.

Electrek’s Take

More than 50% reduction in ownership in a single year is wild.

But as I hinted at the beginning of the article, this is only what we can see. Other Tesla execs, managers, and employees also have shares and stock options, and they could potentially be selling at an even higher rate. We simply don’t know.

The single reporting person to have bought shares is Joe Gebbia, who only bought about $1 million worth, and he is a multi-billionaire. It would be the equivalent of me buying a few hundred dollars’ worth of Electrek shares – not a great show of confidence in my company.

I’m not in the business of predicting Tesla’s share price. I think it trades mainly on gullible Tesla retail shareholders believing Musk’s lies.

But I believe that Tesla will likely face several challenging quarters in the next few years and may even start incurring losses. I think many executives also see this coming and don’t believe that autonomy and humanoid robots will have a positive financial contribution for a few years, as Musk claims.

Meanwhile, Tesla’s EV business is struggling, and there’s little hope of reversing the trend without fresh new models and innovation – the pace of which appears to have greatly slowed at Tesla, unfortunately.

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IRS gives a little more time for electric car buyers to secure the $7,500 tax credit

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IRS gives a little more time for electric car buyers to secure the ,500 tax credit

The IRS has updated the terms of the phase-out of the federal tax credit for electric vehicles to give buyers a little more time to secure the $7,500 tax credit.

Trump’s ‘Big Beautiful Bill’ set a deadline of September 30th to end the $7,500 tax credit for new electric vehicles and the $4,000 credit for used ones.

It looked clear that buyers needed to take delivery before the end of the day on September 30th in order to get the credit, but the IRS has now updated its website to give some leeway to buyers, dealers, and automakers.

The agency wrote in an update on its website:

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 If a taxpayer acquires a vehicle by having a written binding contract in place and a payment made on or before September 30, 2025, then the taxpayer will be entitled to claim the credit when they place the vehicle in service (namely, when they take possession of the vehicle), even if the vehicle is placed in service after September 30, 2025.

If a buyer has a binding order, not a reservation, and has placed a deposit, they can claim the tax credit once they take delivery, even if it’s after September 30th.

Interestingly, the IRS doesn’t mention a time limit after September 30 to secure the tax credit if you have a deposit on a binding contract.

Electrek’s Take

The last time the tax credit was eliminated, there was at least a planned phase-out period. This time, it looked like it was going to be a clean cut, making it difficult for buyers, dealers, and automakers.

This should make things a little easier.

The end of the tax credit has pulled forward a ton of EV demand into Q3 and it will likely exhaust a lot of automakers’ and dealers’ EV inventory.

They are also all rushing to deliver new orders by September 30th, but now it appears that the tax credit money will still be available for those who lock in their orders by the end of the quarter.

Now, this could also open the door to some shenanigans as automakers could try to convert reservations on upcoming electric vehicles that deliver further down the line, but that would be a risky play.

Any buyers getting into those kind of deals should do it at their own risk.

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This German automaker just became the latest to back off its plans to go all in on EVs

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This German automaker just became the latest to back off its plans to go all in on EVs

Another German automaker is scaling back EV plans will continue offering hybrid and ICE vehicles. The company claims that it’s still the first German brand to offer a fully electrified lineup.

German automaker Opel drops EV commitment plans

Opel is one of the many brands under the Stellantis Group, alongside Jeep, Ram, Peugeot, Citroën, Fiat, and several others.

Although it was one of the many automakers to commit to offering an all-electric lineup, it’s now backing off its promise.

During Stellantis’ EV Day in 2021, Opel announced its intention to transition to all-electric vehicles by 2028, accompanied by a slate of new models. Former CEO Michael Lohscheller, now chief executive at Polestar, said, “As of 2028, Opel will only offer electric cars in our core market Europe.”

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On Monday, the German auto giant abandoned its plans for an all-EV lineup, saying it will continue to focus on its current “multi-energy” strategy.

Opel is the first German auto brand to offer a fully electrified model for every vehicle in its lineup, including electric (EVs), plug-in (PHEVs), and even internal combustion engine (ICE) vehicles.

German-automaker-EV-plans
Opel Corsa Electric (Source: Stellantis)

In response to media reports claiming it has changed its strategy, the company said in a statement, “This does not have to be limited to 2028 if the demand side requires otherwise.”

Although the company will continue to focus on EVs in specific regions, like the UK, France, and Germany, it will also offer other powertrain options based on demand.

German-automaker-EV-plans
Opel Corsa Electric (Source: Stellantis)

Opel, alongside British sister company Vauxhall, is one of the top-selling brands in Europe. In Germany and the UK, Opel and Vauxhall ranked first in the ever-expanding B-hatch segment through the first half of the year.

The German auto giant becomes the latest brand to scale back EV plans or shift to hybrids, following Volvo, Volkswagen, Mercedes-Benz, Audi, BMW, and others.

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New e-trike boasts 960W motor, full-suspension and 500 lb capacity

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New e-trike boasts 960W motor, full-suspension and 500 lb capacity

The electric trike world just got a new heavyweight contender. Puckipuppy’s latest release, the Rottweiler, looks like it was built to haul, climb, and cruise with equal confidence. And with full suspension as well as specs like these, it’s hard not to take notice.

At the heart of the Rottweiler e-trike is a 960W peak motor (750W “nominal”) paired with a torque sensor. That means smooth starts, steady hill climbs, and pedal assistance that feels like it’s working with you instead of for you. Of course, the included throttle allows riders to whip it around without pedaling if they prefer, but the torque sensor will hopefully remind owners that pedaling can be fun and a natural feeling too, especially when you’ve got an extra 960 watts of power helping you out.

The trike tops out at a modest 15 mph (25 km/h), keeping it relatively muted to avoid those high-speed tippy turns that trikes are notorious for. But even with the capped speed, it looks like the Rottweiler has plenty of raw hauling power to keep things fun.

The 48V 15Ah battery has 720 Wh of capacity and the company promises up to 55 miles (88 km) of range on a single charge, depending on how much weight you’re lugging around. And speaking of weight, this thing is no slouch. It’s rated for a payload capacity of 500 pounds (226 kg). That’s more than enough for hauling groceries, pets, or a load of gear down a bike path, all while keeping the SUV parked at home.

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Safety and convenience features also find a spot on the spec sheet. Integrated rear turn signals, hydraulic disc brakes, and even a parking brake make it feel more like a small utility vehicle than just an oversized e-bike. The thumb-operated reverse gear is another rare but welcome addition, letting you back out of a tight spot without doing the awkward trike shuffle. It’s rare to find an e-trike with a good (and easily accessible) reverse function, but it makes a big difference when trying to push the trike backwards on anything more than a tiny incline.

Other nice touches include a big 4.7-inch color LCD display, wild-looking butterfly handlebars for multiple riding positions, dual-beam headlights, a cushioned seat with backrest, and fat 20×4” tires that can roll over just about anything. Between those fat tires and the dual suspension setup, the trike should feel pretty darn comfortable over varied terrain.

I’m fearing how much this thing will weigh, if we ever get a chance to put one on a scale, but at least it’s packed to the brim with features!

Priced at $2,399, the Rottweiler is definitely not in the running for lowest-cost trike. There are plenty of others competing on price. This one looks like it’s trying to offer a lot more power, comfort, and features as a way to win over riders.

Electrek’s Take

While Puckipuppy isn’t quite the first dual suspension e-trike like they claim to be, there are still very few options on the market in this category, so it’s welcome news to see another full-suspension option.

The Rottweiler is interesting to me because it isn’t trying to be your fast-and-loose commuter; it’s clearly designed as a heavy-duty hauler for riders who want e-bike utility with a whole lot more stability. The 15 mph limit will feel slow to some, but for families, older riders, or anyone prioritizing cargo over thrills, this makes a lot of sense. With thoughtful design details like reverse, turn signals, and a 500-pound payload, it seems less like a bike and more like a mini pickup truck on three wheels.

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