Tesla sees a rare insider buy, but also a notable insider sale

Investing.comApr 29, 2025 7:46 PM

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Investing.com -- Tesla (NASDAQ:TSLA) saw a couple of notable insider trading transactions over the past 24 hours.

First, overnight, Tesla director Joseph Gebbia, disclosed the purchase of 4,000 common shares on 04/24/25 at an average price of $256.31. The value of the purchase was just over $1 million.

Notably, the transaction was the first insider purchase at Tesla in five years.

Today, 144 paperwork showed that Chairman Robyn Denholm plans on selling 112,390 shares today worth an estimated $32.1 million. The shares were acquired via stock options.

Including today’s planned sale, Denholm has sold nearly $109 million in stock over the past three months.

The Tesla watchers at Electrek said they doubt Denholm will be on the Tesla board by the end of the year, given her stock liquidation.

Shares of Tesla are down 29% year-to-date, but have staged an impressive 20% rally since earnings, after CEO Elon Musk indicated he would significantly reduce his time on DOGE by May. In addition, shares got a boost after the Trump administration said it would be more lax on autonomous vehicle rules.

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