Former executive and president of U.S based electric vehicle manufacturer Tesla Inc. (TSLA) Jerome Guillen, has sold stock worth over $247 million since June 10, 2021, according to filling with the Securities and Exchange Commission.
According to the documents, Guillen has exercised stock options estimated at $247 million since the said date. This filing was submitted with the SEC on 15 June.
Citing the filling, Guillen was expecting to sell 215, 718 stocks for $129 million on that day. On the previous day, June 14, he had sold another 145,249 stocks valued at $89.6 million. On June 10, he had sold some other 90,111 shares for $55 million.
Experts have now started to raise eyebrows concerning these transactions from the former president of the leading EV manufacturer. Daniel Ives, a Wedbush Securities analyst, says this latest sell of stocks raises questions and investors are now following up closely to see if the trend goes on.
“It could raise some eyebrows for investors,” added Ives.