Tesla Chair's Significant Stock Sale Amid Profit Decline

May 15, 2025 - 05:40

The chair of Tesla has sold over $230 million worth of company stock as the automaker faces a notable decline in profits. This downturn has been exacerbated by backlash against Elon Musk's recent endorsement of Donald Trump, which has led to boycotts and protests aimed at the company’s vehicles.

Robyn Denholm, the chair, executed most of her stock sales in the initial four months of this year, coinciding with a significant drop in Tesla's stock price, which fell by one-third. According to regulatory filings, Denholm sold hundreds of thousands of shares, which represents more than half of her total holdings. This strategic move was in accordance with a pre-arranged selling plan established prior to the political controversies surrounding Musk's actions.

As Tesla navigates this challenging period, the implications of these stock sales and the ongoing political climate may have lasting effects on investor sentiment and the company's financial performance.