Tesla Board Chair Robyn Denholm Made $198 Million Selling Stock as Profit Fell
In March, after a steep decline in Tesla’s share price, Elon Musk told employees, “Hang on to your stock.”
The chair of Tesla’s board, Robyn Denholm, has not heeded his advice. Ms. Denholm has made $198 million in the past six months selling Tesla stock that she earned for serving on the board, according to a New York Times analysis of securities filings.
That brings her total profit on the sale of Tesla stock to more than $530 million since becoming the board’s leader in late 2018, far more than her peers have made at the most valuable U.S. companies during that time, the analysis shows.
The share sales raise questions about Ms. Denholm’s confidence in Tesla’s prospects. Her most recent sales, executed under a prearranged…
