Had anyone asked yourself why they suddenly a of them starting announcing they bought them? Why they dont keep the old strategy buying a share and stay quiet. I never heard them talk they bought a Tesla share. But I am sure they have them. To me it looks totally like a pump and dump situation. Whales are accumulating when price is cheap. And at the moment price start rising so they cant buy cheap anymore. But anyway their bags are quiet full already, they start shilling that coin so it pumps and then dumping start. Similar happened in first half of 2019.
What you saying is illegal for them.
Companies are not like bunch of guys who smoke joints and degen trade like that all day.
It is illegal for anyone. But did that ever prevent bankers doing illegal stuff? It did not, since they will pay few $100 penalty. And at same time earn few billion USD. No banker ever went in jail. In 100 years. Nothing will change in the future.