Tesla Chairwoman Robyn Denholm has just sold $17.3 million worth of her shares in the electric vehicle maker, according to a filing Monday, bringing her total stock sales this year to more than $50 million.

Denholm, who joined Tesla’s board as an independent director in 2014 and became chair four years later, sold the shares as part of what’s called a 10b5-1 program put into place in October. She has now sold all of the 281,116 shares allowed in the agreement.

While Denholm still has the vast majority of the 1.66 million shares she owned as of the end of last year, according to the company’s proxy filing, her stock sales follow hefty selling from other big stakeholders. Former Tesla Senior Vice President Drew Baglino, who announced his resignation in mid-April, sold shares worth around $181.5 million soon after his departure, according to a filing.

Another Tesla board member, Kathleen Wilson-Thompson, set up a 10b5-1 trading plan in February 2024, for the potential sale of up to 280,000 shares by or before Feb. 28, 2025.

Tesla shares are down 26% this year, closing Monday at $184.76. The slide comes as the company faces increased competition, weakened demand for its EVs and a drop in first-quarter deliveries.

CEO Elon Musk has tried to focus investors’ attention on the company’s self-driving future instead of its core automotive business. He told investors on Tesla’s earnings call last month that those who doubt the company’s ability to deliver self-driving vehicles should stay away from the stock. For years, Tesla has been working to develop, but hasn’t brought to market, software that will make its existing cars autonomous, a dedicated robotaxi and humanoid robots capable of factory work.

“If somebody doesn’t believe Tesla’s going to solve autonomy, I think they should not be an investor in the company,” Musk said on the call.

In Denholm’s early years on the Tesla board, she served on the audit committee. She eventually replaced Musk as chair in November 2018, after the company struck an agreement with the SEC to settle civil securities fraud charges requiring Musk to relinquish that role temporarily, among other provisions.

The SEC had charged Musk and Tesla with securities fraud after Musk said, in a series of tweets in 2018 that he was considering taking the company private at $420 per share with “funding secured.” The tweets led to a stretch of volatility in Tesla shares.

Before joining the Tesla board, Denholm served in executive roles at Sun Microsystems, and in finance roles at Toyota in Australia and at accounting firm Arthur Andersen. Denholm is currently part of Tesla’s audit, compensation, nominating and corporate governance, and disclosure controls committees.

Denholm, who didn’t respond to a request for comment, is a named defendant in a shareholder lawsuit — Tornetta vs. Musk — that was decided in January. The judge in the Delaware case ruled that Tesla’s 2018 CEO pay plan, which was the largest in public corporate history, was only allowed by a board that was “beholden to Musk,” and should be rescinded.

In her opinion, Chancellor Kathaleen McCormick wrote that by serving on Tesla’s board, Denholm received “life-changing” compensation, which “far exceeded the compensation she received from other sources.”

Denholm’s latest stock sales coincide with struggles at Tesla and a broad restructuring effort that’s included thousands of layoffs.

Demand for Tesla’s EVs slumped in the first quarter, and inventory levels have visibly swelled. Revenue in the period fell 9% from a year earlier, the steepest drop since 2012, while net income plunged 55%.

Musk said in an internal memo in April that Tesla was cutting more than 10% of its global headcount. He didn’t say which departments or locations would be most affected. In the earnings call, he referred to the restructuring as a “pruning exercise” and added, “We’re not giving up anything that is significant that I’m aware of.” He said that if the company organizationally is “5% wrong per year,” its cumulative inefficiency comes out to 25% or 30%.

Denholm and Musk are currently trying to convince shareholders to vote with directors and executives at Tesla on a number of proxy proposals.

The most material proposal asks shareholders to return to Musk his compensation package that was invalidated by the Delaware Chancery Court in the Tornetta decision. The pay package would be worth tens of billions of dollars in Tesla shares to Musk.

Tesla’s largest individual retail shareholder, tech billionaire Leo Koguan, has repeatedly called for investors to vote against the plan. In a post on X, Koguan recently wrote, “Don’t be a sucker, just vote NO.”

Food waste is so prolific in the U.S. that roughly one-third of the amount produced ends up in landfills rather than in stomachs. That adds up to excess production, packaging, storage and delivery requirements, all negatively contributing to climate change.

A recent study published in the journal Science found that food production accounts for 26% of global greenhouse gas emissions.

Food delivery services like HelloFresh, Blue Apron and EveryPlate reduce that somewhat by sending consumers what they need for specific recipes.

A New York-based startup called Hungryroot is going one step further. The 9-year-old company — using artificial intelligence — is providing a more curated experience and delivering the precise amount of food a consumer will use.

Customers answer a slew of questions about their food likes and dislikes, allergies and health goals. They also answer questions on how and when they cook. Taking those answers, Hungryroot’s technology infers what recipes and grocery items are best for each customer.

“Hungryroot is entirely designed to give you just the foods that you’re going to need for your week,” Ben McKean, the company’s CEO, told CNBC. “And it gives you simple recipes, so you know exactly what to do with them, and as a result, food waste with our customers is significantly reduced.”

Hungryroot sends users a list of what’s in their weekly cart, allowing them to approve or change items.

The company can reduce its own waste as well. If it determines that a user has no preference between broccoli and Brussels sprouts, and the company happens to have more broccoli in its warehouse, that’s what they’ll recommend.

The company said these processes help lead to 80% less food waste at its facilities compared with a traditional supermarket.

Investors say the unique model is also good for its bottom line.

“They have been profitable for three or four years now, which is unusual for a lot of these e-commerce, food businesses,” said Jeremy Liew, a partner at Lightspeed Venture Partners. “They’ve been able to drive that through efficiency of spend, and because they have built a business that customers really love.”

In addition to Lightspeed, Hungryroot is backed by L Catterton, Crosslink Capital, KarpReilly and Lerer Hippeau. The company has raised a total of $75 million.

 — CNBC climate producer Lisa Rizzolo contributed to this piece.

Apple on Tuesday announced new versions of its iPad Air and iPad Pro tablets.

“This is the biggest day for iPad since its introduction,” Apple CEO Tim Cook said in a short video posted on the company’s website.  

The new iPad models are the first Apple has released since October 2022, marking the longest stretch between updates since the device launched in 2011.

The iPad Pro, Apple’s most expensive and advanced tablet, will come in two sizes, an 11-inch model and a 13-inch model, Apple said. The company called the product its thinnest ever, coming in at 5.1 millimeters thick.

The smaller iPad Pro starts at $999, and the larger 13-inch model starts at $1,299 with 256GB of storage, a slight price increase from its predecessor.

The iPad Pro will snap into a new case that Apple calls Magic Keyboard, which is made out of aluminum and pairs the tablet with a keyboard and trackpad. Apple said that using the case will make using an iPad Pro feel similar to a laptop experience, i.e., “just like a MacBook.”

The Magic Keyboard will cost $249 or $299, depending on size. Apple also announced an updated stylus called the Apple Pencil Pro for $129.

The fresh iPad models use a new Apple chip called the M4, an update from the M3 chips that currently power Apple’s laptops. Apple said that the M4 chip was an “outrageously powerful chip for AI,” noting, as an example, its ability to help power software that isolates subjects from their backgrounds in videos.

“This stunning design and breakthrough display required we make the leap to the next generation of Apple silicon,” John Ternus, an Apple hardware executive, said.

Apple said its iPad Pro tablets will use a new kind of display called the OLED — the same technology Apple uses on its iPhones — and that the new tablets will be brighter and have more vibrant colors than older models. The company also said it developed a technology called “tandem OLED” to create the screens, which are branded as Ultra Retina XDR.

The company said the iPad Pro could be a useful tool for professional video producers, and announced a new app called Final Cut Camera that can control multiple iPhone cameras. The iPad Pro comes with a 12 megapixel rear camera that can record 4K video, according to Apple. The company also announced an update to the camera’s flash, which should make scanning documents easier.

The new tablets and accessories are up for preorder now and will go on sale next week.

Apple said the iPad Air will come in two sizes: an 11-inch option that matches older models and a larger 13-inch model. Both are equipped with Apple’s M2 chip. The smaller iPad costs $599 for 128GB of storage, and the larger iPad starts at $799.

Apple has also moved the front-facing camera to the longer side of the device — landscape mode — to be better for videoconferencing, matching the more expensive iPad Pro models.

The iPad Air will be available in stores next week and comes in a variety of colors, including blue, purple and gold.

Apple also dropped the price of its entry-level iPad to $349, down from its previous $429 price.