It comes after she offloaded millions last month
A Tesla chairwoman, who has been leading the board since 2018, has recently sold a large amount of stock in the company.
Some well-known figures are making significant moves at Tesla. Just days after Kimbal Musk sold around $28 million worth of stock, the chairwoman has sold $33 million.
With ongoing debates about Elon Musk and his involvement with the government, some people are calling for a boycott of Tesla.
The Tesla stock market has been changing a lot since early 2025. According to Bloomberg, sales in Europe have dropped. While electric vehicle sales in the EU have increased by 37%, Tesla’s sales have fallen by 45%.
Since December 2024, Musk has lost over $100 billion. Even though he remains the richest person in the world with $354.8 billion, it’s a significant decrease.
Denholm has served as the Chair of Tesla since 2018 (Graham Denholm / Stringer / Getty)
On March 3, a report to the Securities and Exchange Commission revealed that Tesla’s chairwoman, Robyn Denholm, has sold $33 million worth of TSLA stock.
Denholm has been leading the board since 2018 and is one of the few people who can keep an eye on Elon Musk. She sold 112,390 shares of the electric vehicle company and did the same thing in February 2025, bringing her total earnings to about $43.2 million.
Additionally, Denholm used stock options to buy 112,390 shares at $24.73 each, which cost her around $2.78 million. After all these transactions, she now owns 85,000 shares of Tesla.
According to Investing.com, these sales were part of a planned trading strategy, but it’s interesting to note that her recent sales happened right after Chief Financial Officer Vaibhav Taneja sold 7,000 shares for $2.8 million in February 2025.
Robyn Denholm, Chairman of the board of directors of Tesla Motors sold 112390 shares of Tesla stock today. This is in addition to the 112390 shares she sold February 3, 2025. That’s over $80 million in shares of Tesla she’s sold in the last 30 days. pic.twitter.com/Li2kfK02rm
— Miss Jilianne (@MissJilianne) March 3, 2025
At the beginning of 2025, Denholm and other board members got the green light from the court for a settlement that could reach up to $919 million. This settlement was to resolve a complaint from shareholders who claimed that the board members had paid themselves too much during Tesla’s very profitable years from 2017 to 2020.
Denholm had previously commented on Musk’s $56 million salary issue and mentioned that her role as chairwoman of the board has earned her a whopping $280 million.
Looking at the overall situation, Tesla’s stock has jumped by 38.29% over the past year, but it took a big hit, dropping 30.75% in just the last month. This drop comes right after President Donald Trump returned to office, and critics are likely making connections between these events.
There have been ongoing concerns about how close Tesla’s board members are to the richest man in the world.
Moreover, with Elon’s brother and the chairwoman of Tesla selling off millions of dollars in shares, it’s bound to create some waves in the stock market.
Featured Image Credit: Fairfax Media / Contributor / Getty