Tesla Committee Chairman Robin Denholm has sold another large share as Elon Musk's controversial relationship with the Trump administration shakes the company's shares, regulatory filings revealed this week.
Denholm, 61, has sold 112,390 Tesla shares worth over $32 million. SEC submission on Tuesday. Since December, Denholm has sold over $150 million in stock. Electric Car News Blog Electrec.
After the latest sales, Denholm owns around 85,000 shares, with 300,440 stock options expire at the end of the year. Denholm's term as a board chair will be voted in another vote next year, according to Reuters.
Stock sales speculation about Denholm's future at Tesla. Electrek speculated that Denholm “appears to be liquidating her stock completely.”
But Tesla Bull and investor Larry Goldberg pushed back. He insisted With X post The report is “misleading” and it is likely that Denholm is exercising a sharing option set to expire when selling some to cover related taxes.
Tesla did not immediately return a request to post a comment.
Denholm first joined Tesla's board of directors 2014 and became chairman in 2018 after forcing regulators to resign from the role.
Since joining the board, she has received more than $680 million in cash and shares. Reuters analysis last March.
Last year, Denholm and other members of the Tesla board faced criticism from a Delaware judge who said the pay package approved for the mask was too excessive. The judge's decision to reject the mask wage package led the billionaire to move Tesla's establishment to Texas.
Meanwhile, Tesla is in the middle of a rough patch, partly due to Musk's controversial work with President Trump and the government's efficiency.
The company's vehicle delivery plummeted 13% in the first quarter, but net profit fell by a whopping 71% as Tesla dealers across the country faced a wave of arson and vandalism attacks.
Last week, Musk told analysts he plans to spend more time running Tesla now that “major tasks” have been completed in Doge's setup. However, he said he would continue to advise the Trump administration when necessary.
Tesla stocks have fallen sharply in value over 25% since the beginning of the year.
