Former Tesla SVP Drew Baglino is selling $181.5 million worth of stock, SEC filing says

Key Facts

• Justin Sullivan | Getty Images 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.
• Baglino announced his departure in a statement posted to X. “I made the difficult decision to move on from Tesla after 18 years yesterday,” he wrote.
• Musk said on the company’s earnings call this week that while Tesla still intends to produce affordable, new model electric cars in 2025, investors should focus more on Tesla’s “autonomy roadmap.”

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