Tesla Powertrain SVP sells stock worth about $181.5 million

Drew Baglino, senior vice president of Tesla's powertrain and energy engineering, recently sold about 1.14 million shares of the company's stock, with a total value of about $181.5 million. This move occurred after Tesla's first-quarter delivery decline and stock price plunge, and Tesla subsequently announced a global layoff of more than 10%. Baglino and other executives also announced their resignation at this time.