Tesla (TSLA, Financial) has revealed in its filings that three of its board members, including Chairperson Robyn Denholm, director Kathleen Wilson-Thompson, and Kimbal Musk, who is the brother of CEO Elon Musk, have initiated plans to sell shares valued at nearly $300 million.
Robyn Denholm plans to sell up to 674,345 shares, which, at the recent closing price of $262.51 per share, would amount to approximately $177 million. Meanwhile, Kimbal Musk intends to sell up to 152,088 shares, valued at about $39.92 million, and Kathleen Wilson-Thompson plans to sell up to 300,000 shares, worth approximately $78.75 million.
This move comes as Tesla continues to navigate a fluctuating stock market environment, which analysts closely monitor for potential impacts on share performance.
