Tesla's Chairman Sells $35 Million in Shares, Cashing Out Just as Shares Soar

Tesla chairman Robyn Denholm sold shares for more than $35 million in November, coinciding with the stock's surge following the US election. Denholm executed 112,390 stock options that will expire next year and sold the shares on 15 November, regulatory filings show. She prearranged the trades in July through a trading programme that U.S. corporate insiders can use to sell their shares. Denholm netted about $32.5 million from the sales, taking into account the cost of exercising the options.