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Robyn Denholm, Tesla’s chair, bought shares of the electric-car maker on the open market.

Denholm paid $232,720 on July 29 for 1,000 Tesla shares (ticker: TSLA), an average price of $232.72 each. It was her first open-market purchase of Tesla stock since joining its board in August 2014. Denholm was named chair in November 2018 as part of a settlement with the Securities and Exchange Commission requiring that Elon Musk step down from that role. Musk remains Tesla CEO.

Denholm, a former chief financial officer of Juniper Networks (JNPR), disclosed the purchase in a form she filed with the SEC. Apart from the 1,000 Tesla shares purchased, she also owns options for at least 180,165 Tesla shares.

Tesla didn’t immediately respond to a request late at night on Wednesday to make Denholm available for comment.

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Denholm’s purchase came a few days after Tesla stock tumbled as the company reported disappointing second-quarter results, the latest bad news in a not-so-great year. Tesla stock has fallen 27.4% in 2019 through Wednesday’s close, compared with the S&P 500’s 18.9% rise.

Inside Scoop is a regular Barron’s feature covering stock transactions by corporate executives and board members—so-called insiders—as well as large shareholders, politicians, and other prominent figures. Due to their insider status, these investors are required to disclose stock trades with the Securities and Exchange Commission or other regulatory groups.

Write to Ed Lin at edward.lin@barrons.com and follow @BarronsEdLin.