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.
"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 difficult decision to move on from Tesla after 18 years yesterday,' Baglino tweeted earlier this month, making no mention of a stock dump. 'I am so thankful to have worked with and learned from the countless incredibly talented people at Tesla over the years.'"
"Baglino and his two fellow executives' departures highlight a significant shift in strategy, with Musk announcing that the company is doubling down on realizing a 'robotaxi' nicknamed 'Cybercab' - which likely won't materialize for a number of years."
[
add
]
[
|
|
...
]