Tesla director finally buys shares after more than 5 years—only to see his own board chair promptly sell $32 million in stock

Robyn Denholm, chair of Tesla Inc., speaks during the Asia Pacific Financial and Innovation Symposium (APFIS) in Melbourne, Australia, on Tuesday, March 25, 2025. (Credit: Carla Gottgens—Bloomberg/Getty Images)

• Tesla chair Robyn Denholm has now liquidated roughly $150 million in shares since early December, dwarfing the $1 million open market purchase by director Joe Gebbia. “It has become a running joke that insiders only sell, never buy the stock,” wrote Electrek, an EV motoring news publication critical of CEO Elon Musk. Denholm’s three-year term is set to end in about 12 months’ time.

It’s been more than five years, but a Tesla insider has finally invested his own money to buy the company’s shares on the open market.