Skip to content

Monster insider trading alert for Tesla stock

Monster insider trading alert for Tesla stock
Elmaz Sabovic

With Tesla’s (NASDAQ: TSLA) stock showing signs of recovery after losing over 40% of its value since 2024, some insiders sold their shares at higher prices.

This time, Chairwoman of the Board of Directors Robyn Denholm sold around 93,000 TSLA shares at an average value of $184.85 per share on May 6 for a total profit of $17.3 million.

Robyn Denholm insider trade activity of TSLA stock. Source: SEC
Robyn Denholm insider trade activity of TSLA stock. Source: SEC

With TSLA stock depreciating further since her sale by 6% and settling at $174.72 at the latest close, Denholm seized the opportunity and acquired substantial profits.

What is interesting is that Denholm managed to time her sales at the exact peak in the value of TSLA shares in the last five trading sessions.

TSLA stock 30-day price chart. Source: Finbold
TSLA stock 30-day price chart. Source: Finbold

Denholm sold additional Tesla shares earlier in 2024

Denholm, the company’s chairwoman, has sold shares actively in 2024. On March 12, she sold 93,705 shares of TSLA at an average price of $175.4 each, totaling $16.4 million. This sale reduced her TSLA stake to just 15,000 shares.

On February 21, she sold 93,706 Tesla shares at $194.72 per share, making a profit of $18.2 million.

In total, her sales in 2024 totaled nearly $52 million in just the first five months.

Denholm initially joined the Tesla board and served on the audit committee. She later replaced Musk as chair in November 2018, following a settlement with the SEC regarding Musk’s tweets about taking Tesla private. 

She faced a shareholder lawsuit, Tornetta vs. Musk, which was resolved in January. The court ruled against Tesla’s CEO pay plan, which was approved by a board biased toward Musk.

Denholm and Musk are now seeking shareholder support for various proxy proposals, notably one to reinstate Musk’s invalidated compensation package, potentially worth billions in Tesla shares.

Buy stocks now with eToro – trusted and advanced investment platform

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in 70+ cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Read Next:

Weekly Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts