Core Insights - Tesla's chair, Robyn Denholm, sold over $230 million in company stock following Elon Musk's endorsement of Donald Trump, which led to boycotts and protests against Tesla vehicles, negatively impacting profits and stock prices [1][8] - Denholm's stock sales were primarily executed under a pre-arranged selling plan, with more than half of her holdings being sold, coinciding with Musk's political endorsements [2][4] - The sales occurred as Tesla's stock price fell by one-third, and Denholm's profits were significantly enhanced due to acquiring shares at a deep discount through options granted by Tesla [5][6] Financial Performance - Tesla reported a 71% decline in profits for the first three months of the year, reflecting the adverse effects of the political climate and consumer backlash [13] - Despite the challenges, Tesla's stock has seen a recovery, closing at $347 per share, which is over 50% higher than its low in April [13] Insider Trading Activity - Denholm is not alone in selling shares; other Tesla executives, including the chief financial officer, have collectively sold $189 million in stock during the same nine-month period [9] - The use of pre-determined selling schedules by executives is intended to assure investors that these sales are not based on insider information or indicative of negative sentiment towards the company [8]