The chairman of the board of directors of Tesla made about $32.5 million from the sale of the automaker’s shares

Denholm sold more than $35 million in shares at prices ranging from $310,052 to $320,003 on Nov. 15, according to the filing. The trades were part of a predetermined trading plan that Tesla insiders can use to sell securities, the agency said.

In addition, the chairman of the automaker’s board of directors exercised stock options, purchasing 112.39 thousand shares at a price of $24.73 per share. The options expired in 2025 and all trades were executed automatically.

Tesla has become one of the most successful companies since Trump’s victory in the presidential election, as its CEO, Elon Musk, is one of the politician’s biggest supporters, Bloomberg writes. In his words, the automaker’s shares have grown 38% since the election in early November, increasing its market capitalization by more than $300 billion. At the time of this publication (14:21 Moscow time), the company’s shares were trading at $344.45 per unit. share.

Denholm became chairman of Tesla’s board of directors in 2018. Previously, this position was held by Musk, who left it under a settlement with the SEC; in exchange, fraud charges against the billionaire were dropped. They appeared after the businessman published tweets about a possible purchase of Tesla shares at $420 per share.