Tesla Chair Robyn Denholm Sells $310M Stock Amid Scrutiny

Robyn Denholm, chair of Tesla's board, has sold over $198 million worth of Tesla stock in the past six months, bringing her total profits from stock sales since 2018 to more than $530 million. These sales occurred despite Elon Musk urging employees to hold onto their shares after a steep drop in Tesla's stock price. Denholm's sales, made under a prearranged trading plan, have raised concerns about her confidence in Tesla's future, especially as the company's car sales have declined and quarterly profits hit a four-year low amid Musk's political engagements. She exercised stock options granted between 2014 and 2020, buying shares at a significant discount and selling them at current market prices. New York City Comptroller Brad Lander criticized the sales, suggesting they do not reflect a board chair invested in the company's future, while Denholm's spokesperson stated that Tesla's compensation aligns with shareholder interests and reflects the company's industry leadership. The controversy highlights tensions between Tesla's leadership stock transactions and the company's recent financial performance.