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