Tesla Shares Surge 28% in Six Days, Topping $308 Billion in Trading Volume as Chairwoman Denholm Sells $30 Million in Stock
1min read Tesla (TSLA) shares rose by 2.15% on April 29, 2025, marking the sixth consecutive day of gains, with a total increase of 28.36% over the past six days. The company's trading volume reached $308.57 billion, making it the highest traded stock of the day.
Tesla's Chairwoman, Robyn Denholm, has been actively selling her shares in the company. She recently filed to sell another $30 million worth of tesla stock, bringing her total sales over the past six months to more than $150 million. Denholm has received over $600 million in stock compensation since joining the board a decade ago and has sold over $500 million worth of shares. Her latest filing with the SEC indicates she plans to sell another 112,390 shares, valued at over $32 million. This is the third time in the last three months that she has filed to sell a block of over 112,000 shares. As of her last filing, she had only 85,000 shares left and 300,440 stock options expiring later this year, suggesting she is close to liquidating her entire position in Tesla.
Denholm's actions have raised speculation about her future with the company. Some analysts suggest that her liquidation of shares may indicate her impending departure from Tesla's board. This comes after Tesla shareholders sued board members, alleging they were overcompensated, and the parties agreed to return nearly $1 billion in cash and stock options to the company. Denholm's role as chairwoman has been a subject of debate, with some arguing that she has done little to constrain CEO Elon Musk's actions, despite his past SEC violations.
Meanwhile, Tesla board member Joe Gebbia recently made his first stock purchase in five years, buying over $1 million in tsla shares. The shares were purchased through a trust that now holds 4,111 Tesla shares, indicating Gebbia held just 111 shares prior to Monday's purchase. This move contrasts with the selling trend observed among other Tesla executives and board members, who have predominantly exercised stock options and sold them immediately.
