Tesla Inc. Chair Robyn Denholm has sold a significant amount of stock, earning more than $35 million after the company"s share prices increased following the election.
Denholm exercised stock options that were set to expire next year and sold the shares on November 15. The transactions were planned in July through a trading plan, which allows company insiders to sell stock in a structured manner.
This strategic move takes advantage of Tesla"s recent stock value increase, which reflects the company"s strong market performance after the election.