Drew Baglino, the former senior vice president in charge of powertrain engineering at Tesla, has sold off a significant portion of his shares in the company. According to a filing with the U.S. Securities and Exchange Commission (SEC), Baglino is selling 1.14 million shares of Tesla, worth around $181.5 million. Baglino’s decision to cash out comes after he announced his departure from the electric vehicle-maker on April 15. Tesla stock has rallied more than 15% this week, reaching its 10-week line, prompting speculation about the future trajectory of the company.

Background and Financial Activities

Drew Baglino, a former executive at Tesla who joined the company in 2006, has sold around $181.5 million worth of Tesla shares, according to an SEC filing. This move comes as Tesla’s stock has been performing well, experiencing a 15% rally in the past week. It is important to note that Baglino’s decision to sell off his shares could signal his lack of confidence in the future prospects of the company, or it could simply be a personal financial decision.

Summary List:

Former Tesla executive Drew Baglino is selling 1.14 million shares of Tesla for approximately $181.5 million.

Baglino announced his departure from Tesla on April 15.

Tesla’s stock has rallied more than 15% this week.

Baglino’s decision to sell off his shares could indicate a lack of confidence in the company’s future or may be a personal financial choice.

It is unclear how Tesla’s stock will perform in the future following Baglino’s sale.

Sources:

– “Former senior vice president in charge of powertrain engineering at Tesla Drew Baglino is cashing out” – Nasdaq

– “Former Tesla executive sells $181.5 million in shares, filing shows” – Reuters