Tesla Chairwoman Robyn Denholm has sold over $50 million worth of stock in 2024 [CNBC]
Tesla, Inc. (TSLA)
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Source: CNBC
Denholm, who joined Tesla's board as an independent director in 2014 and became chair four years later, sold the shares as part of what's called a 10b5-1 program put into place in October. She has now sold all of the 281,116 shares allowed in the agreement. While Denholm still has the vast majority of the 1.66 million shares she owned as of the end of last year, according to the company's proxy filing , her stock sales follow hefty selling from other big stakeholders. Former Tesla Senior Vice President Drew Baglino, who announced his resignation in mid-April, sold shares worth around $181.5 million soon after his departure, according to a filing. Another Tesla board member, Kathleen Wilson-Thompson, set up a 10b5-1 trading plan in February 2024, for the potential sale of up to 280,000 shares by or before Feb. 28, 2025. Tesla shares are down 26% this year, closing Monday at $184.76. The slide comes as the company faces increased competition, weakened demand for its EVs and a dro
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