The stock price of Tesla, Inc. (TSLA.US) soared after election day, with the chairman of the board cashing out more than 35 million US dollars.
20/11/2024
GMT Eight
At Tesla, Inc. (TSLA.US), the stock price surged after the results of the US election were announced. Tesla, Inc. Chairman Robyn Denholm successfully cashed out over $35 million by opportunistically selling her stocks. According to regulatory documents, Robyn Denholm exercised 112,390 stock options that will expire next year and sold them on November 15. Considering the exercise cost, Robyn Denholm made a net profit of about $32.5 million from this stock sale. After Trump won the US presidential election, Tesla, Inc. has been one of the best-performing stocks, as the company's CEO Musk was one of Trump's biggest supporters during the campaign. Data shows that since Election Day on November 5, Tesla, Inc.'s stock price has risen by 38%, increasing the company's market value by over $300 billion.