<div id="readability-page-1"><div><div><p><strong>Tesla Inc.</strong> <span>TSLA</span> insiders, including members of the board of directors, have reportedly sold more than 50% equity in the company.</p><div><div><div><p>Trending Investment Opportunities</p></div></div></div><h2>Tesla Insiders Sold A Big Chunk Of Equity </h2><p>Several key figures within Tesla, excluding <strong>Elon Musk</strong>, sold almost half their equity in the EV giant, Electrek reported on Monday. </p><p>Key personnel within Tesla, including CFO <strong>Vaibhav Taneja</strong> of the company and Musk's associate <strong>Tom Zhu</strong>, who currently serves as the Senior Vice President of Automotive at Tesla, sold equity in the company.</p><p>Zhu offloaded more than 80% of his equity in Tesla in the span of a year. His stake in the EV giant mainly comprised options and company shares, the report suggests.</p><p>Besides key executives, Board Members like <strong>Robyn Denholm</strong> and Musk's brother, <strong>Kimbal Musk</strong>, with the pair offloading the entirety of their options stake in Tesla, the report says.</p><h2>Tesla's Sales Woes, Lease Price Discounts</h2><p>The news coincides with Tesla's sales woes across multiple markets, including the UK, where Tesla sold just 987 units in July, a 60% drop in sales. Meanwhile, Rival <strong>BYD Co. Ltd.</strong> <span>BYDDY</span> <span>BYDDF</span> surged more than 300% in the country.</p><p>Tesla has since reportedly offered over 40% discounts to leasing companies in the UK, which translates to significantly lower monthly payments to customers on Tesla vehicles like the Model Y and the Model 3, among others.</p><h2>Tesla Model Y L launch in China</h2><p>Tesla also launched the Model Y L SUV in China, which is a 6-seater version of the Model Y, retailing in the country for 339,000 RMB or around $47,200. The Model Y L offers over 467 miles of CLTC range and features an 82 kWh battery pack.</p><p>Tesla scores well on Momentum and Growth metrics, while offering satisfactory Quality, but poor Value. For more such insights, sign up for Benzinga Edge Stock Rankings today!</p><p><em>Check out more of Benzinga's Future Of Mobility coverage by</em><em> following this link</em><em>.</em></p><ul> <li>Tesla's Ousted Supercharger Team Just Launched A Startup To Rival Elon Musk's Charging Empire</li> </ul><p><em>Photo: Trygve Finkelsen on Shutterstock.com</em></p></div></div></div>

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<p>Tesla Insiders Have Unloaded More Than 50% Equity In Elon Musk's EV Giant Over The Last Year: Report</p>

- Tesla Inc. insiders, including key executives and board members, have sold over 50% of their equity in the company, with CFO Vaibhav Taneja and Senior VP Tom Zhu offloading significant stakes.  
- This insider selling coincides with a 60% drop in Tesla's sales in the UK, prompting the company to offer over 40% discounts to leasing companies.  
- Additionally, Tesla launched the Model Y L SUV in China, retailing for approximately $47,200, while maintaining strong momentum and growth metrics despite poor value ratings.  

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Tesla Insiders Have Unloaded More Than 50% Equity In Elon Musk's EV Giant Over The Last Year: Report