Chairman of Tesla, Inc. (TSLA.US) cashed out at a high level, selling over $76 million in stocks in two months.

The public documents of the U.S. Securities and Exchange Commission (SEC) show that Robyn Denholm, the chairman of Tesla, Inc. (TSLA.US), has sold approximately $33.7 million worth of Tesla, Inc. stock. Denholm, who has been the chairman of Tesla, Inc. since November 2018, sold 112,390 shares of stock this time. According to the documents, she also sold the same amount of shares last month, with total profits of approximately $43.2 million. Earlier this year, Denholm and other Tesla, Inc. directors obtained court approval to agree to pay a settlement of up to $919 million to resolve allegations of excessive compensation. The lawsuit questioned the high compensation of Tesla, Inc. directors during the period from 2017 to 2020 when Tesla, Inc. stock prices surged, resulting in the value of stock options received by directors soaring to hundreds of millions of dollars. Denholm previously testified in the case of Elon Musk's $56 billion compensation plan, stating that her position on the Tesla, Inc. board yielded her approximately $280 million in profit. The Tesla, Inc. board, including CEO Elon Musk's brother Kimbal Musk, has faced criticism for having overly close relationships with billionaires. Musk's influence in American politics has been on the rise, with President Trump appointing him as head of a government efficiency department responsible for clearing what the White House called wasteful spending, as part of a larger government reform that also includes layoffs of thousands of people. Since the election on November 5th, Tesla, Inc. stock has dropped by approximately 13%.