Tesla chairman Denholm sells shares worth over US$22mil

The filing showed chairman Robyn Denholm exercised options to purchase the shares, paying the required strike prices, then subsequently sold the stock.

OAKLAND: Tesla Inc chairman Robyn Denholm sold 31,250 shares of the electric-vehicle maker for more than US$22mil (RM92.92mil), according to a regulatory filing.

Denholm, who recently testified in a Delaware court as part of a shareholder lawsuit over Tesla’s controversial 2016 acquisition of SolarCity, has served on Tesla’s board since August 2014.