Joe Gebbia, Airbnb co-founder and Tesla board member, invests significantly in Tesla stock, purchasing over 4,000 shares.
According to TechCrunch on Tuesday, Gebbia purchased 4,000 Tesla shares at 256.308 USD each, increasing his total holdings to 4,111 shares. The purchase amounts to 1 million USD.
Gebbia’s substantial stock purchase attracts attention, especially as Tesla prepares to unveil its highly anticipated robotaxi service in June. Industry observers find it intriguing that a Tesla board member would directly purchase shares, bypassing stock options, derivative conversions, or option exercises, a departure from the typical trend among the company’s leadership.
Traditionally, Tesla board members have favored buying stock options or offloading existing shares. For example, James Murdoch secured options for 531,787 shares in March, while board chair Robyn Denholm disclosed the sale of 32 million USD worth of shares in the past week. Denholm, who has held the chair position since 2018, has steadily divested tens of millions of dollars in Tesla stock over recent months.
Gebbia, who joined Tesla’s board as an independent director in 2022, also holds a role in Elon Musk’s Department of Government Efficiency (DOGE). In this capacity, he oversees efforts to streamline government paperwork related to retirement procedures.
