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Former Tesla executive Drew Baglino, who announced his resignation earlier this month, sold shares in the electric vehicle company worth around $181.5 million, according to a filing on Thursday with the SEC. Baglino, who joined Tesla in 2006, is selling about 1.14 million of his shares, the filing said, listing an "approximate date of sale" of April 25, and describing it as an exercise of stock options. Tesla announced on April 15 that it's laying off 10% of its global workforce, following a drop in first-quarter deliveries and a steep slide in the stock price. Baglino announced his departure in a statement posted to X. Prior to the latest sale, Baglino had unloaded about $4 million worth of shares in two transactions this year — one in late February and the other in early April, filings show.
Persons: Drew Baglino, Baglino, Tesla, Rohan Patel, Baglino's, Musk, doubters Organizations: Fremont Factory, SEC, Tesla Locations: Fremont , California
An aerial view of the Tesla Fremont Factory on May 13, 2020 in Fremont, California. Electric vehicle maker Tesla was sued by district attorneys representing 25 counties in California over the company's alleged improper handling of hazardous waste materials at facilities throughout the state. The company's first, high-volume EV factory in the world was its Fremont, California vehicle assembly plant, which it still owns and operates today. The lawsuit, The People of California v. Tesla Inc., was filed in a California state court in San Joaquin County on Tuesday. They also alleged that Tesla often failed to accurately label containers of hazardous materials that it generated, used or stored at its facilities, and failed to train employees in proper handling of hazardous waste.
Persons: Tesla, Eric Roesch, Roesch, Elon Musk, Moz.de Organizations: Tesla Fremont Factory, Electric, Tesla Inc, Reuters, SpaceX, CNBC, Cal . Health, Saf, Cal, Tesla, Economy Research Locations: Fremont , California, California, Austin , Texas, Palo Alto , California, San Joaquin County, Germany, Brandenburg
Ex-Tesla factory worker loses bid for new trial in race bias
  + stars: | 2023-10-04 | by ( ) www.cnbc.com   time to read: +3 min
An aerial view of the Tesla Fremont Factory on May 13, 2020 in Fremont, California. A Black former factory worker for Tesla lost his bid on Wednesday for a third trial in his race discrimination lawsuit against the electric carmaker, after a California federal judge rejected his claims that the company's lawyers had engaged in misconduct and tainted his trial. Equal Employment Opportunity Commission last week, to allege rampant racial harassment at Tesla's flagship Fremont, California assembly plant. The judge ordered the second trial to determine damages after Diaz turned down a lower payout of $15 million. Orrick barred both sides from presenting new evidence or testimony at the second trial, which took place in March.
Persons: Tesla, William Orrick, Owen Diaz, staving, Diaz, baselessly, Orrick Organizations: Tesla Fremont Factory, U.S, Commission Locations: Fremont , California, California, San Francisco, Fremont
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