Top executives at Tesla, including Kimbal Musk, Robyn M Denholm, and Vaibhav Taneja, have sold shares of the company worth a total of $73 million over the past week. These transactions were reported in recent filings with the Securities and Exchange Commission.
Details of the Sale
- Robyn M Denholm, Director of Tesla and board chair, sold 112,390 shares worth approximately $43.2 million on February 3.
- Vaibhav Taneja, Chief Financial Officer, sold 7,000 shares worth $2.8 million on the same day.
- Kimbal Musk, Tesla board member and Elon Musk’s brother, sold 75,000 shares worth $27.6 million on February 6.
Trading Plan
The filings noted that the transactions by Denholm and Taneja are part of a trading plan adopted last year. Both executives acquired the shares they sold as part of a stock option plan. Kimbal Musk’s sale, however, was his first in the past three months.
Impact on Tesla Stock
Tesla stock closed down 1% on Thursday at $374.32. Despite this, the stock has seen a significant increase of about 100% over the past year.
Related News
For more information on the future of mobility and Tesla, check out our related coverage.
Recent Developments
Other recent developments include:
- Tesla has hiked the price of its Model X by $5,000, making it more expensive than the Cybertruck.
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