Stock prices soared after Election Day, Tesla's chairman cashed out over 35 million dollars
As Tesla's stock price surged following the results of the U.S. presidential election, Tesla's board chair Robyn Denholm successfully cashed out over $35 million through a timely stock sale. According to a regulatory filing, Robyn Denholm exercised 112,390 stock options set to expire next year and sold the shares on November 15. After accounting for the exercise cost, Robyn Denholm netted approximately $32.5 million from this stock sale. Since Trump's victory in the U.S. presidential election, Tesla has been one of the best-performing stocks, as the company's CEO Elon Musk was one of Trump's biggest supporters during the campaign. Data shows that since Election Day on November 5, Tesla's stock price has risen by 38%, and the company's market value has increased by over $300 billion
According to the Zhitong Finance APP, as Tesla's (TSLA.US) stock price surged following the announcement of the U.S. election results, Tesla's board chair Robyn Denholm successfully cashed out over $35 million through a timely stock sale. According to a regulatory filing, Robyn Denholm exercised 112,390 stock options that are set to expire next year and sold these shares on November 15. After considering the exercise cost, Robyn Denholm netted approximately $32.5 million from this stock sale.
After Trump won the U.S. presidential election, Tesla has been one of the best-performing stocks, as the company's CEO Elon Musk was one of Trump's biggest supporters during the campaign. Data shows that since Election Day on November 5, Tesla's stock price has risen by 38%, and the company's market value has increased by over $300 billion