Tesla (TSLA) Gets Rare Insider Buy--but Board Chair Sells $32 Million Right After

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But that hopeful awesome didn't last. Within a day, Tesla committee seat Robyn Denholm sold much than $32 cardinal successful stock, adding to astir $150 cardinal she's offloaded since December.

Gebbia's $1 cardinal bargain is tiny adjacent to his $8 cardinal nett worthy but inactive notableno Tesla insider has bought shares connected the unfastened marketplace since Elon Musk successful 2018.

Denholm's caller merchantability brings her full income nether a preset 10b5-1 program to astir $150 cardinal successful nether 5 months.

Tesla has agelong faced a moving joke: insiders lone ever sell. Gebbia's bargain broke that patternand came conscionable arsenic Tesla tries to reignite capitalist excitement astir robotaxis and AI.

Still, Denholm's merchantability poured acold h2o connected that enthusiasm. Her low-profile enactment benignant has drawn mixed reactions, particularly arsenic Elon Musk shifts priorities and the institution struggles to present connected its low-cost EV promises.

Meanwhile, the numbers aren't helping. Tesla's Q1 operating borderline dropped to 2.1%its lowest since 2019as conveyance income declined for the archetypal clip successful years.

Denholm's word ends adjacent year. Musk is doubling down connected robotaxis and AI hardware. But arsenic longtime customers turn uneasy and insiders support cashing out, investors whitethorn beryllium near wondering: who astatine Tesla inactive has tegument successful the game?

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This nonfiction archetypal appeared connected GuruFocus.