US EditionTesla’s Australian chair made $306 million as profits fell
- Robyn Denholm, Tesla's board chair since 2018, sold more than 1.4 million shares under a prearranged plan starting July 2024.
- Her selling plan followed Elon Musk's July 2024 endorsement of Donald Trump, which sparked consumer backlash and share price volatility.
- Denholm made over $530 million total from Tesla stock sales since 2018, including $198 million in the past six months despite Tesla’s falling profits.
- Tesla's quarterly profit plunged 71% in early 2025, while its stock fell about 34% from recent peaks amid political controversies and market challenges.
- Denholm's extensive sales amid Tesla's troubles raise questions about her confidence and board oversight, though the transactions were legal and pre-scheduled.
Insights by Ground AI
Does this summary seem wrong?
26 Articles
26 Articles
All
Left
6
Center
8
Right
1
Associated Press News+4 Reposted by 4 other sources
The chair of Tesla sold stock worth $230 million while profits at Elon Musk's carmaker plunged
The chair of Tesla sold more than $230 million in company stock since Elon Musk’s endorsement of Donald Trump alienated car buyers and dragged profits lower.
·United States
Read Full Article
Coverage Details
Total News Sources26
Leaning Left6Leaning Right1Center8Last UpdatedBias Distribution53% Center
Bias Distribution
- 53% of the sources are Center
53% Center
L 40%
C 53%
Factuality
To view factuality data please Upgrade to Premium
