To give some examples of what I have in mind:
- Let's say a high-level manager at Tesla finds out they're planning to build drones using newly developed batteries that would be a huge leap compared to what's on the existing market. The manager then proceeds to short a few millions worth of DJI stocks as he believes they would crash when Tesla makes the announcement.
- The very same manager at Tesla finds out that Elon Musk wants to open an R&D center in Bratislava, which would employ 10 thousand highly-skilled employees. The manager then proceeds to purchase real estate in central Bratislava as they rightfully believe that the property will balloon in cost in the coming years.
Given that the manager does not profit in any way from Tesla stocks, would that be something illegal under existing insider trading laws?