Tesla Chair Profits $35 Million from Stock Sale post-Election

Reported about 24 hours ago

Tesla Inc. Chair Robyn Denholm sold $35 million worth of shares in a well-timed stock transaction following the recent US election. She exercised stock options that were due to expire next year and sold the shares on November 15, netting approximately $32.5 million after costs. Tesla's shares surged by 38% since election day, largely influenced by investor confidence in CEO Elon Musk's close ties to the incoming administration.

Source: YAHOO

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