A Tesla Vice President Just Quit and Sold $181 Million of Its Stock [Yahoo! Finance]
Tesla, Inc. (TSLA)
Last tesla, inc. earnings: 4/29 04:11 pm
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Source: Yahoo! Finance
The company, which posted disastrous first-quarter results earlier this month, isn't just losing over ten percent of its rank-and-file workforce due to layoffs. A number of high-profile insiders have also abandoned ship. Take longtime Tesla executive Drew Baglino, who joined Tesla in 2006 — and now, just ten days after announcing his resignation, he's sold a staggering $181.5 million worth of Tesla shares, according to a Thursday filing with the Securities and Exchange Commission. Baglino is one of three top executives who resigned this month, including VP of investor relations Martin Viecha and longtime public policy VP Rohan Patel. It doesn't take much reading between the lines to see that the EV maker is in for some big changes — and a very tough year ahead . Even the company's stalwart executives, who have stood by CEO Elon Musk's side for well over a decade, are looking to leave for greener pastures — and, strikingly, cashing out on the way out the door. "I made the diff
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News
- Reddit's first quarterly report follows Elon Musk's lead: Morning Brief [Yahoo! Finance]Yahoo! Finance
- Tesla's China-made EV sales fall 18% y/y in April [Reuters]Reuters
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- Exclusive-China's Nio turns to rival BYD to power new EV brand, sources say [Yahoo! Finance Canada]Yahoo! Finance Canada
TSLA
Earnings
- 4/23/24 - Beat
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Sec Filings
- 5/6/24 - Form DEFA14A
- 5/6/24 - Form PX14A6G
- 5/6/24 - Form 144
- TSLA's page on the SEC website