Tesla Board Member Joe Gebbia Invests $1 Million in Company Stock
Tesla board member and Airbnb co-founder Joe Gebbia recently purchased approximately 4,000 shares of Tesla stock. This acquisition, valued at around $1 million, was revealed in a regulatory filing (SEC Filing). While the purchase itself isn't substantial, especially for a billionaire board member, it's noteworthy due to its rarity.
Direct stock purchases by Tesla board members are uncommon. More frequently, board members acquire stock options or sell existing holdings. This purchase marks a departure from the typical pattern. Gebbia now owns a total of 4,111 Tesla shares.
Other Recent Tesla Board Member Stock Activity
In contrast to Gebbia's purchase, other recent board member activity has involved stock options and sales. For example, James Murdoch acquired approximately 531,787 options in March (SEC Filing). Board chair Robyn Denholm recently sold $32 million worth of shares (SEC Filing). This follows similar large stock sales by Denholm in recent months, including $33.7 million in March and $43.2 million in February.
Gebbia's stock purchase stands out against this backdrop of stock sales and option acquisitions by other board members, potentially signaling confidence in Tesla's future.
