Tesla Trades At $360 — This Insider Just Paid $20

Tesla, Inc. (NASDAQ: TSLA) stock is currently trading around $360, while Global VP Tom Zhu acquired 20,000 shares at $20.57 per share through an options exercise, not an open-market purchase. This transaction highlights the significant value insiders have accumulated, as the exercise price is substantially lower than the current market price. Although this wasn't a traditional insider buy, Zhu's decision to hold rather than sell suggests continued confidence among insiders amid increasing scrutiny of Tesla's performance and competition.