During US Market’s Turmoil, Executives of Tesla and SMCI Have Already Cashed Out
TradingKey - Following the impact of DeepSeek, the deterioration of the US economic growth prospects has caused the US stock market to face another round of intense selling. During this period, the executives of Tesla (TSLA.US) and Super Micro Computer (SMCI.US) sold their stocks.
It is reported that just after Super Micro Computer submitted its delayed financial report on the 25th, the deadline, Sara Liu , the wife of Charles Liang, the founder of Super Micro Computer, and a senior vice president of SMCI, "cleared out" her personal shares in Super Micro Computer, selling 46,293 shares of the company's stock worth $2.3 million. However, she still indirectly holds 67 million shares of SMCI stock.
In addition, George Kao, the senior vice president of operations at Super Micro Computer, also sold 71,720 shares of Super Micro Computer stock, worth $3.6 million.
During the five consecutive trading days of gains from February 12th to 19th, with the expectation that the delisting crisis was likely to be lifted, the share price of Super Micro Computer rose by more than 50%.
After the news of the executives' cashing out broke, the share price of Super Micro Computer plunged by 13% on the 3rd, making it the constituent company with the largest decline in the S&P 500 index on that day.
According to SEC, Robyn Denholm, the chairwoman of Tesla, has also recently sold a large number of Tesla shares. On February 3rd, she sold 112,400 shares of Tesla stock at an average price of $284.043 per share. Last month, she sold Tesla holdings worth $43 million, and in the past three months, she has sold Tesla shares worth more than $100 million in total.
As of writing, the share price of Tesla has fallen by about 30% year to date and is currently trading at $284.65, essentially erasing all the gains since Donald Trump's victory in November 2024.
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