Good morning and happy Monday! The insiders were back at it again last week. Rep. Vicente Gonzalez just threw a bold wager on Tesla, even as the stock gets battered by weak sales, political backlash, and financial red flags. Meanwhile, Airbnb’s Joseph Gebbia is sprinting for the exits, offloading shares at a steady clip. And BlackRock is doubling down on ESG. Here’s what you missed.

P.S. We drafted this newsletter on Friday. If you want real-time alerts about insider buying and selling, don’t forget to join Elite Insider by clicking here.

Vicente Gonzalez Bets on Tesla Despite Chaos

On March 12, 2025, Representative Vicente Gonzalez (D-TX) disclosed purchasing shares of Tesla Inc. $TSLA ( ▼ 0.58% ) in a transaction valued between $50,001 and $100,000.

Tesla has been getting wrecked this year. The company is dealing with plunging car sales, Elon Musk’s never-ending controversies, and a growing list of financial head-scratchers. One of the biggest? A $1.4 billion gap in its capital expenditures is raising eyebrows across Wall Street.

So why buy? Maybe Gonzalez sees what others don’t. Tesla is aggressively expanding its AI, robotics, and battery tech, betting that the future is more than just EVs. If Tesla’s long-term vision pays off, this could be a savvy move. Or, of course, it could be a high-stakes gamble in the middle of a storm.

Airbnb Co-Founder Continues Dumping Shares

On March 11, 2025, Airbnb Inc. $ABNB ( ▲ 1.71% ) Director and co-founder Joseph Gebbia sold 214,285 shares of the company at an average price of $126.80, cashing out $27.17 million.

This recent sale is not a one-time thing — Gebbia has been on a relentless selling spree for months. Airbnb’s post-pandemic boom has cooled off, and now the company is battling slower growth, regulatory headaches, and rising competition from alternative short-term rental platforms.

Could this just be a founder cashing in on early success? Sure. But when one of the guys who built the company keeps selling, you have to wonder if he’s seeing trouble ahead.

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BlackRock Expands Stake in ESG-Focused Trust

On March 19, 2025, BlackRock Inc. $BLK ( ▲ 0.21% ) went shopping, snapping up 101,600 shares of its own ESG-focused BlackRock ESG Capital Allocation Term Trust $ECAT ( ▲ 1.82% ) .

ECAT is a diversified closed-end fund designed to deliver income and capital growth while staying true to ESG principles. It has a current market cap of $1.6 billion and a juicy 10.4% forward dividend yield.

ESG funds have been taking heat lately. With growing skepticism over their actual returns and increasing regulatory scrutiny, it has not exactly been smooth sailing. So, is BlackRock doubling down because they see long-term value? Or are they just propping up their own fund? Either way, it’s a statement move.