Tesla chairperson sells $35 million in stock, cashing out just as share price is soaring

Tesla Chairperson Robyn Denholm sold shares for more than $35 million in November, just as the stock was surging in the wake of the U.S. election. Denholm exercised 112,39 stock options that expire next year and sold the shares on Nov. 15, according to regulatory filings. She pre-arranged the deals in July through a trading plan that U.S. company insiders could use to sell shares. Adjusted for call-over costs, Denholm netted about $32.5 million from the sale.