Tesla Chair Robyn Denholm has sold more than $76 million worth of shares in the electric carmaker over the past three months, a number that can rise to over $108 million with the new sale, according to a regulatory filing disclosed on Tuesday.
The filing comes a day after Tesla board member and Airbnb co-founder Joe Gebbia acquired $1.02 million in shares, marking the first insider buy since 2020.
The filing with the US Securities and Exchange Commission showed that Denholm sold 112,390 shares in March and an identical number in February, generating gross proceeds of about $43.2 million for the February transaction alone. In total, she has sold 224,390 shares over the past three months.
| Date | Shares Sold | Price Per Share $ | Total Value $ |
|---|---|---|---|
| February 6, 2025 | 112,390 | 384.04 | 43,162,255.60 |
| March 3, 2025 | 112,000 | 300.89 (estimated) | 33,700,000 |
| April 29, 2025 | 112,930 (assumed) | 284 (current price) | 32.1M+ (estimated) |
A separate Form 144 filing dated Tuesday revealed that Denholm sold an additional 225,860 shares in March and notified the SEC of her intent to sell another 112,930 shares beginning April 29, with a potential market value of roughly $32.1 million.
Denholm has served on Tesla’s board since 2014 and became chair in 2018 after Elon Musk was forced to relinquish the role under a settlement with US regulators.
The stock disposals come as director Joe Gebbia, the Airbnb co-founder who joined Tesla’s board in 2022, disclosed the purchase of 4,000 Tesla shares last week worth about $1.02 million — the first time a Tesla board member has acquired shares on the open market since 2020.
Tesla insiders — including directors and senior executives — are required to report stock transactions to the SEC. Earlier this year, Elon Musk’s brother Kimbal Musk and Tesla chief financial officer Vaibhav Taneja also sold shares.
