# Rare Move: Tesla Board Member Gebbia Puts His Money Where His Mouth Is, Buys Stock

## Rare Move: Tesla Board Member Gebbia Puts His Money Where His Mouth Is, Buys Stock

In a somewhat unusual move, Tesla board member and Airbnb co-founder Joe Gebbia has purchased approximately 4,000 shares of the electric vehicle giant’s stock, according to a recent regulatory filing. While the purchase, valued at around $1 million, might not seem significant, especially considering Gebbia’s billionaire status, it’s the *type* of transaction that’s raising eyebrows.

As reported by Electrek, direct stock purchases by Tesla board members are a rare occurrence. More frequently, insiders acquire shares through options or other derivative securities, or they simply offload existing holdings. In contrast, Gebbia’s acquisition was a straightforward purchase, adding 4,111 shares to his ownership.

This action stands in stark contrast to recent moves by other Tesla board members. For example, James Murdoch acquired a substantial 531,787 options in March. Meanwhile, board chair Robyn Denholm has been actively selling off shares, unloading $32 million worth just this Tuesday. Denholm’s selling spree has been ongoing for months, with sales of $33.7 million and $43.2 million in March and February, respectively.

The reasons behind Gebbia’s purchase remain unclear. However, the direct investment could be interpreted as a strong signal of confidence in Tesla’s future performance, a refreshing change from the more common practice of selling or exercising options within the board. Only time will tell if this purchase signals a shift in insider sentiment regarding the automaker’s long-term prospects.