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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
Robyn Denholm acquired via stock options, then immediately sold, over 26,000 shares last week. She still holds only 1,000 (same # she started with) if I read this correctly.
“The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on May 15, 2020 and established by the reporting person for the purpose of an orderly liquidation of options scheduled to expire in 2021.”
Link to the post that got you sent to a corner for a week?Except that time I got banned for a week for factually (and with sources) pointing out Elon had promised Tesla would have Robotaxis approved in at least 1 or more jurisdictions this year and certain fanboys got mad about it-- despite that timing miss (one in a series of em on autonomy specifically, a VERY key driver of future revenue for the company) being incredibly relevant to TSLA investors
Early on, I invested in Tesla because of Elon’s steadfast position, that he would be the last to sell his shares. I am left questioning Ms. Denholm’s contribution to the organization.
I would say you should go and look at all the times that insiders have sold over the past couple of years and the corresponding stock action after they sold.
Let's just say they usually end up selling at the worst times for themselves
Artful Dodger
"Neko no me"
The Accountant
Active Member
If I read the filing correctly, the stock options were expiring in August 2021. I can't blame her for taking the $32m now.
She may have decided that $32m is enough for her and why risk a market meltdown in 2021.
I think hes just a typical fake it till you make it. I have worked with many like him.
TSLAQ and main stream media will likely be all over this, crying out that TSLA is failing, company is going under, executives are rushing for the exits, blah blah blah...
Which will be dumb, as usual. But if I'm Denholm I'm a little more aware of the optics... Maybe sell just a wee bit less so that you're at least increasing your stake through the exercise. I know not everyone is Elon Musk, but it's not like this is her first rodeo.
MTL_HABS1909
Active Member
It’s over 1 million. My father in law just ordered on Saturday night and there are 906K reservation numbers separating us and I was over 100K after the first reservation.
tinm
2020 Model S LR+ Owner
If you surf through the past couple years' Form 4s (see 2019-07-15 for example: SEC FORM 4), you will discover Robyn had numerous other more recent option grants, so I don't think she's down to just 1000 shares left.
As I recall from the book "Soul of a New Machine" the author talks about upon going public that the founders should sell enough stock such that if Data General fails they would not have to go back to work at the family gas station.
Clearly Robyn sold over 40 million dollars in stock. That should easily set her up for life. So my question is what in options is she still due?
Or 32 million
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Stark contrast to this guy:
https://thetwentyminutevc.com/stevejurvetson/
Granted, he has millions already...but he 'truly' believes and understands the mission.
I loved Dan Ives' statement from a couple months back regarding CT: “We estimate that pre-order levels are staggering coming out of the gates since announced last year and currently stand north of 650k based on our estimate with momentum building for this latest Musk brainchild."
Tesla Analyst Estimates 'Staggering' 650K Cybertruck Preorders
Even Elon is surprised by demand (from awhile back): "We've never seen this level of demand. I think we will sell as many as we can make for many years."
Nothing is going to happen until S&P 500 inclusion announcement. I'm just taking this free time to reposition my calls knowing that I will need a pretty long time horizon.
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