Former Tesla Executive Drew Baglino Sells Shares Worth $181.5 Million

Former Tesla executive Drew Baglino has sold shares worth around $181.5 million, according to a SEC filing on Thursday. Baglino, a Tesla veteran who joined the company in 2006 as an engineer, had been among the four members of Tesla’s leadership team, alongside Elon Musk. Baglino resigned as senior vice president of powertrain and energy engineering last week, amid Tesla’s plans to lay off more than 10% of its global workforce. The sale of Baglino’s shares was part of a stock option exercise, and included about 1.1 million shares sold on April 25th. He had already exercised his stock options twice this year, selling shares worth about $4 million.

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