Tesla board chair Robyn Denholm sells $32M in stock — bringing total sold to more than $150M

Core Viewpoint - Tesla's board chairwoman Robyn Denholm has sold a significant amount of stock amid controversies surrounding Elon Musk's connections with the Trump administration, raising questions about her future at the company [1][2]. Group 1: Stock Sales and Ownership - Denholm sold 112,390 shares of Tesla for over $32 million, bringing her total sales since December to more than $150 million [1][2]. - After the recent sales, Denholm retains approximately 85,000 shares and has 300,440 stock options expiring at the end of the year [2]. Group 2: Speculation and Reactions - Speculation has arisen regarding Denholm's future at Tesla, with some suggesting she is liquidating her stake [2]. - Investor Larry Goldberg countered this speculation, suggesting that Denholm is likely exercising expiring share options while selling a portion to cover taxes [2]. Group 3: Compensation and Criticism - Denholm is the highest-paid chair of a US public company, having received over $680 million in cash and stock since joining the board in 2014 [4][5]. - Last year, Denholm and other board members faced criticism from a Delaware judge for approving an excessive pay package for Musk, which contributed to Musk's decision to move Tesla's state of incorporation to Texas [5]. Group 4: Company Performance and Challenges - Tesla is experiencing significant challenges, including a 13% drop in vehicle deliveries and a 71% decline in net income, exacerbated by vandalism and arson attacks on its dealerships [8]. - Since the beginning of the year, Tesla's shares have decreased in value by over 25% [9].