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Tesla chair Denholm sells shares worth more than $22 million

Tesla chair Denholm sells shares worth more than $22 million


(Reuters) – Tesla Inc chair Robyn Denholm sold more than $22 million worth of shares in the electric-car maker after exercising stock options, according to a filing with the U.S. Securities and Exchange Commission (SEC).



FILE PHOTO: The logo of car manufacturer Tesla is seen in Bern


© Reuters/Arnd Wiegmann
FILE PHOTO: The logo of car manufacturer Tesla is seen in Bern

Denholm sold 31,250 shares at weighted average prices ranging from $703 to $726.200 in transactions that took place on Aug. 2, according to the filing from Wednesday.

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Denholm, who joined Tesla’s board as an independent director in 2014, replaced Chief Executive Officer Elon Musk as the chair in 2018, fulfilling a demand by the SEC to strip the job from Musk.

(Reporting by Aishwarya Nair in Bengaluru; Editing by Sriraj Kalluvila)



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