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Former exec Baglino sells Tesla shares worth $181.5 mln, SEC filing shows
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Former exec Baglino sells Tesla shares worth $181.5 mln, SEC filing shows
Apr 25, 2024 9:07 PM

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.

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