March 4 - Tesla (TSLA, Financial) Chairwoman Robyn Denholm sold 112,390 shares valued at approximately $33.7 million, according to a recent SEC filing. Denholm, who has led Tesla's board since CEO Elon Musk was forced out in 2018, sold the same number of shares last month for about $43.2 million.
Over the past year, Denholm has offloaded more than 65% of her holdings in shares and options, totaling roughly $168 million before taxes. The majority of these transactions were executed under a plan initiated in July 2024.
Her sales are part of a broader trend among Tesla insiders. CFO Vaibhav Taneja and board member Kimbal Musk have similarly reduced their stakes. Taneja sold 6,000 shares on the same day, valued at approximately $1.76 million, as disclosed in another SEC filing.
At the same time, the macroeconomic concerns for Tesla remain, but the market is also in an uncertain state. The rival firm is BYD (BYDDF, Financial), which is becoming increasingly intense competition facing the company. Along with other market duress, Tesla's stock is seeing the impact of President Donald Trump's newly announced tariffs, too.
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