This sale was part of a pre-established Rule 10b5-1 trading plan, which was set up for an orderly liquidation of options scheduled to expire in 2025. Prior to these sales, Denholm acquired 112,390 shares through the exercise of stock options at a price of $24.73 per share, amounting to a total of $2,779,404. After these transactions, Denholm holds 85,000 shares of Tesla (NASDAQ:TSLA) common stock directly in the now $1.15 trillion market cap company. For comprehensive insider trading analysis and 24 additional key insights about Tesla, check out the detailed research available on InvestingPro.
This sale was part of a pre-established Rule 10b5-1 trading plan, which was set up for an orderly liquidation of options scheduled to expire in 2025. Prior to these sales, Denholm acquired 112,390 shares through the exercise of stock options at a price of $24.73 per share, amounting to a total of $2,779,404. After these transactions, Denholm holds 85,000 shares of Tesla common stock directly in the now $1.15 trillion market cap company. For comprehensive insider trading analysis and 24 additional key insights about Tesla, check out the detailed research available on InvestingPro.
In other recent news, Tesla has experienced significant developments. The company has seen a steady stream of revenue, reporting $97.15 billion over the last twelve months. Recently, Roth/MKM upgraded Tesla's stock from Neutral to Buy, driven by growing enthusiasm for electric vehicles and a favorable regulatory environment. Bernstein, however, maintained its Underperform rating on Tesla, citing considerable risks associated with Tesla's strategy to develop a dedicated 'Cybercab'.
Tesla and JPMorgan Chase (NYSE:JPM) & Co. have mutually agreed to drop their ongoing lawsuit, centered around a 2014 stock warrant transaction. Neuralink, co-founded by Elon Musk, has initiated the CONVOY Study, integrating brain-computer interface technology with an assistive robotic arm. Wedbush Securities maintained an Outperform rating on Tesla, emphasizing its strong financial position and potential growth in the AI and autonomous driving space.
Potential regulatory changes in California may impact Tesla's operations. Governor Gavin Newsom announced plans to potentially reinstate the state's Clean Vehicle Rebate program, but Tesla could be excluded from the new state rebates. These are the recent developments impacting Tesla.
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