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 |  Jul 09 2013, 3:03 PM

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The latest in a string of good news for Tesla Motors came in two parts today.

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 |  Dec 28 2010, 12:49 PM

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Tesla Motors share price feel by roughly 15 percent Monday as company insiders rushed to dump their shares after the expiration of a 180 day limit on selling their stock holdings.

The shares being sold were previously not available on the open market, and were reportedly offered to investors and other insiders as a form of compensation. Tesla’s stock rose more than 40 percent since its debut towards the end of June, and the company received $465 million in loans from the Department of Energy to help develop its Model S sedan.

As of 11:30 AM Tuesday, Tesla’s share price was steady at $26, up from Monday’s close of $25.55

[Source: Automotive News]