New York (AP) – Tesla president sold more than $ 230 million in the company’s share since the approval of Elon Musk by Donald Trump triggered Boycottes and protests Against his cars, sending his profits and her scholarship lessons.
More than half of the Robyn Denholm cash transport came from sales in the first four months this year, because the Tesla action dropped by a third party, according to the documents examined by the Associated Press. In total, she unloaded hundreds of thousands of actions – more than half of her assets, as dictated by a pre -arranged sales plan placed with regulators while Musk began to adopt right -wing policy.
Denholm filed this plan on July 25, Day Musk approved Trump as president.
Denholm’s profits were probably oversized. Indeed, many of the actions it has sold had been acquired through so-called options granted to it by Tesla for years earlier than, given the prices of recent shares, allowed it to buy a significant reduction, according to data from the Factseet research provider. Nearly a million shares acquired through options have been purchased for $ 25, less than a tenth of the market price for a large part of the last nine months.
AP contacted Tesla and Denholm but did not receive an immediate response.
A declaration by Denholm to the New York Times, which previously reported the sales of initiates, said that the value of the assets by Tesla administrators had jumped because the action itself has skyrocketed, creating “disproportionate yields” for all shareholders.
We do not know why Denholm decided to withdraw a large part of his participation.
The predetermined sales hours are used by managers and administrators in order to tell investors that their sale is not based on initiate information, which is illegal, or necessarily a sign that they have transformed pessimistic about a company.
Denholm is not Tesla’s only initiate for sale. The financial director and other administrators discharged $ 189 million in shares during the same nine -month period, according to FostSet Data.
Tesla’s stock skyrocketed after Trump was elected in November in the hope that the close relations of the president elected with Musk would result in a less regulatory examination and greater benefits.
But the role of Musk as head of government for the reduction of Trump costs and his comments supporting extreme right -wing politicians in Europe sparked a reaction among car buyers, and Sales sank with its stock.
Tesla reported last month that profits in the first three months of the year had plunged 71%.
The stock climbed again after Musk, managing director of the company and the largest shareholder, said that he would be withdraw from your work in Washington To spend more time to the electric car manufacturer.
Tesla closed $ 347 per share on Wednesday, up 4% for the day and more than 50% since its hollow in April.
