menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Technology News

>

Tesla Boar...
source image

Nytimes

4d

read

138

img
dot

Image Credit: Nytimes

Tesla Board Chair Robyn Denholm Made $198 Million Selling Stock as Profit Fell

  • Tesla's board chair, Robyn Denholm, has made $198 million in the past six months selling Tesla stock that she earned for serving on the board.
  • This brings her total profit on the sale of Tesla stock to more than $530 million since late 2018, significantly surpassing her peers at other top U.S. companies.
  • The share sales have raised questions about Ms. Denholm's confidence in Tesla's prospects, especially as Tesla's car sales plunged and quarterly profits fell to a four-year low.
  • Ms. Denholm earned the right to buy the shares through stock options granted by Tesla between 2014 and 2020, allowing her to purchase shares at a lower price than their current value.

Read Full Article

like

8 Likes

For uninterrupted reading, download the app