April 25 (Reuters) - Former Tesla executive
Drew Baglino has sold shares worth around $181.5 million in the
world's top EV maker, according to a SEC filing on Thursday.
Baglino, a Tesla veteran who began his career as an engineer
in 2006 and was one of four members, along with Elon Musk, on
the company's leadership team.
He resigned as senior vice president of powertrain and
energy engineering from the company last week. The departure
came amid the EV maker's plan to lay off more than 10% of its
global workforce, to help prepare for the "next phase of growth"
by reducing costs and improving productivity.
Baglino sold about 1.1 million of his shares as a stock
option exercise and listed "an approximate date of sale" as
April 25, the SEC filing showed.
He had already exercised his stock options twice this year,
selling shares worth about $4 million, the filing showed.