Drew Baglino, the former Senior Vice President of Tesla Inc. (NASDAQ:TSLA), has sold off a significant portion of his shares in the company. This move comes shortly after his resignation from the electric vehicle (EV) giant.

What Happened: Baglino, who had been with Tesla since 2006, sold approximately 1.14 million shares, valued at $181.5 million, as per a filing with the Securities and Exchange Commission (SEC) on Thursday.

The filing listed the “approximate date of sale” as Apr. 25, and described it as an exercise of stock options. This sale follows two previous transactions earlier this year, where Baglino offloaded about $4 million worth of shares.

Baglino, who was serving as the Senior Vice President of Powertrain and Energy Engineering, announced his departure from Tesla on Apr. 15, the same day the company revealed a 10% reduction in its global workforce. His resignation was followed by that of another long-serving executive, Rohan Patel.

See Also: ‘No Choice:’ Elon Musk Reacts As X User Reveals ‘Main Reason’ Why The Billionaire Is ‘Re-Organizing’ Tesl

Despite being a key figure at Tesla, Baglino has chosen to part ways with …

Full story available on Benzinga.com

Drew Baglino, the former Senior Vice President of Tesla Inc. (NASDAQ:TSLA), has sold off a significant portion of his shares in the company. This move comes shortly after his resignation from the electric vehicle (EV) giant.

What Happened: Baglino, who had been with Tesla since 2006, sold approximately 1.14 million shares, valued at $181.5 million, as per a filing with the Securities and Exchange Commission (SEC) on Thursday.

The filing listed the “approximate date of sale” as Apr. 25, and described it as an exercise of stock options. This sale follows two previous transactions earlier this year, where Baglino offloaded about $4 million worth of shares.

Baglino, who was serving as the Senior Vice President of Powertrain and Energy Engineering, announced his departure from Tesla on Apr. 15, the same day the company revealed a 10% reduction in its global workforce. His resignation was followed by that of another long-serving executive, Rohan Patel.

See Also: ‘No Choice:’ Elon Musk Reacts As X User Reveals ‘Main Reason’ Why The Billionaire Is ‘Re-Organizing’ Tesl

Despite being a key figure at Tesla, Baglino has chosen to part ways with …

Full story available on Benzinga.com

 Drew Baglino, the former Senior Vice President of Tesla Inc. (NASDAQ:TSLA), has sold off a significant portion of his shares in the company. This move comes shortly after his resignation from the electric vehicle (EV) giant.
What Happened: Baglino, who had been with Tesla since 2006, sold approximately 1.14 million shares, valued at $181.5 million, as per a filing with the Securities and Exchange Commission (SEC) on Thursday.
The filing listed the “approximate date of sale” as Apr. 25, and described it as an exercise of stock options. This sale follows two previous transactions earlier this year, where Baglino offloaded about $4 million worth of shares.
Baglino, who was serving as the Senior Vice President of Powertrain and Energy Engineering, announced his departure from Tesla on Apr. 15, the same day the company revealed a 10% reduction in its global workforce. His resignation was followed by that of another long-serving executive, Rohan Patel.
See Also: ‘No Choice:’ Elon Musk Reacts As X User Reveals ‘Main Reason’ Why The Billionaire Is ‘Re-Organizing’ Tesl
Despite being a key figure at Tesla, Baglino has chosen to part ways with …Full story available on Benzinga.com   Read Moredrew baglino, Elon Musk, Equities, Kaustubh Bagalkote, mobility, News, TSLA, Markets, TSLA, US88160R1014, News, Equities, Markets, Benzinga Markets