Tesla investors are selling shares: even board members and Elon Musk’s brother are involved

08 February 2025 , 20:38

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Tesla investors are selling shares: even board members and Elon Musk’s brother are involved

Chief Financial Officer Vaibhav Taneja, Chairwoman of the Board Robyn Denholm, and Kimbal Musk, Elon Musk’s brother and Tesla board member, have sold large amounts of company shares.

According to recent documents filed with the U.S. Securities and Exchange Commission (SEC), CFO Vaibhav Taneja sold 7,000 shares for $2,681,770.

He was able to purchase these 7,000 Tesla shares for $18.22 each as part of his option plan. He sold them at an average price of $383.

Robyn Denholm, Tesla’s Chairwoman, sold 112,390 shares at an average price of $384.04, totaling $43,162,255.60. She also received shares as part of her option plan. Denholm had to return tens of millions of dollars worth of Tesla shares to the company after settling an excessive compensation lawsuit brought by shareholders. Tesla noted in the documents that Taneja and Denholm sold under a stock option liquidation plan adopted last year.

This week, Tesla also released another statement to the SEC indicating that Kimbal Musk, Elon Musk’s brother and Tesla board member, who was also involved in the excessive compensation settlement, is selling 75,000 Tesla shares through Morgan Stanley for $27.5 million.

David Wilson

Politics Editor