Tesla Chair Sold $35 Million of Stock Amid Post-Election Surge
- Robyn Denholm disposed of shares via prearranged trading plan
- Investors are betting carmaker will benefit from Trump win
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Tesla Inc. Chair Robyn Denholm cashed in from a well-timed sale of shares this month, reaping more than $35 million from stock that soared after the US election.
Denholm exercised 112,390 stock options that were set to expire next year and sold the shares on Nov. 15, according to a regulatory filing. She prearranged the transactions in July through a trading plan that US company insiders can use to sell stock.