Former Tesla SVP sells $181 million worth of shares
Posted: Apr 26, 2024
- Former Tesla SVP Drew Baglino is selling $181.5 million worth of stock - Baglino is selling 1.14 million shares in Tesla - Tesla recently announced layoffs and a focus on self-driving technology - CEO Elon Musk emphasized the importance of autonomy in Tesla's future - Musk's comments led to an 18% increase in Tesla's stock price - The company reported a decline in revenue and net income in the first quarter of the year
Summarized top reddit comments: - Former Tesla SVP sold $181 million worth of shares - Speculation on reasons for selling, including remodeling a bathroom - Mention of requirements for stock options when an employee leaves - Discussion on whether to hold or sell shares - Warning not to bet against Elon Musk
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