Tesla Chair Sells $198M Worth of Stock in Just Six Months
a year ago
- #Stock Sale
- #Tesla
- #Corporate Governance
- Tesla chairwoman Robyn Denholm sold $198 million in shares over six months.
- Since 2018, Tesla management has sold $530 million worth of shares.
- Elon Musk's political ties and controversies have hurt Tesla's stock and sales.
- Tesla shares have lost 11.92% of their value this year.
- Denholm exercised stock options to buy and sell shares for a profit.
- Immediate share sales may indicate lack of confidence in Tesla's future.
- Denholm has sold over 1.4 million shares but still owns 85,000.
- Tesla's board approved Musk's record compensation, later suspended by a judge.