Hyperdrive
Tesla’s Board Chair and a Top Musk Deputy Set Up Plans to Sell Stock
- Robyn Denholm and Andrew Baglino set up share-trading plans
- Insider selling could add to pressures on Tesla’s stock
Tesla Inc.’s board chair and a top deputy to Chief Executive Officer Elon Musk set up share-trading plans late last year allowing them to sell significant sums of stock in the coming months.
Chair Robyn Denholm set up an insider share-trading plan in October for the potential sale of up to 281,116 shares, which would be worth $51.5 million at Tesla’s latest closing price, according to a regulatory filing.