Tesla Chair Denholm Offloads $33.7M in Stock Amid Declining Share Prices

Tesla Chairwoman Robyn Denholm sold approximately $33.7 million worth of the company's stock in a recent transaction, marking a continuation of her ongoing divestment strategy under a pre-established trading plan. This sale follows her earlier offloading of the same number of shares for about $43.2 million in February, amidst a broader trend of insider sales by Tesla executives, including CFO Vaibhav Taneja and director Kimbal Musk. The sales occur against a backdrop of macroeconomic uncertainty and increasing competition from rivals like BYD, which reported significant growth in EV deliveries. Additionally, Denholm's stock sales come after a court-approved settlement requiring Tesla directors to return compensation over allegations of excessive pay from 2017 to 2020. Tesla's stock has recently experienced a decline, falling about 2.84% on the day of Denholm's latest sale, influenced by concerns over new tariffs announced by President Trump. Overall, insider sales can signal caution regarding the company's future, raising questions about its operational outlook.