The recent times have not been positive for Tesla, which has seen sales of its 100% electric models plummet globally. As if that weren’t enough, the backlash against Elon Musk’s support for far-right political forces in Europe and for U.S. President Donald Trump has also not helped improve the image of the American brand.
It has now come to light that Tesla’s chairwoman, Robyn Denholm, sold $198 million (€177 million) in shares of the 100% electric car manufacturer over the past six months.
The news was reported by “The New York Times“, which emphasizes that the share sales occurred at a time when Tesla’s CEO, Elon Musk, asked employees not to sell their company stock.
The same source further noted that since Denholm was appointed chairwoman of Tesla’s board at the end of 2018, she has sold $530 million (€474 million) in company shares. In total, Denholm has sold over 1.4 million shares and currently holds 85,000 shares and options for another 49,000, the source reported.
The “New York Times” also added that the immediate sale of shares could be interpreted as a lack of confidence in the future prospects of the American brand.
It is worth noting that Tesla’s sales fell more than expected in the first quarter of 2025, with 336,681 vehicles delivered, which is a 13% decrease compared to the same period in 2024, according to numbers published in early April.
