Overview

• Tesla board chair Robyn Denholm has sold over $150 million in Tesla shares since December, including a $32 million tranche disclosed this week under a 10b5-1 plan.
• Independent director Joe Gebbia made a rare insider purchase of $1 million in Tesla stock, the first such buy in over five years.
• Denholm publicly dismissed speculation that the Tesla board is seeking to replace Elon Musk as CEO, reaffirming confidence in his leadership.
• Tesla's financial struggles continue, with Q1 operating profit margins hitting their lowest point since 2019 and a 13% drop in vehicle deliveries.
• Denholm's term as board chair expires in about a year, with her leadership style and handling of Musk's compensation facing ongoing scrutiny.