A member of Tesla’s board of directors, Ira Ehrenpreis, sold shares of the company worth more than $ 200 million on Wednesday, after their price exceeded the threshold of $ 1,000 for the first time, reaching a record level, Reuters reports.
Antonio Gracias, a former member of Tesla’s board of directors whose term expired this month, announced on the same day his intention to sell the company’s $ 610 million shares.
Tesla became the fifth company whose valuation reached $ 1 trillion on Monday, following an agreement with car rental company Hertz and after recording the best quarterly revenues and profits so far.
Independent director Ehrenpreis on Wednesday exercised options to buy 370,000 Tesla shares, at a price of about $ 50 per unit, before their expiration in June next year, according to documents submitted to the US Securities and Exchange Commission (SEC).
The investor, who has been a board member of Tesla since May 2007, then sold 203,429 shares for up to $ 1,068.38 per unit. The shares are worth about $ 214 million, according to Reuters calculations.
Gracias, general manager of the Valor investment fund, also submitted documents for the sale of 338,493 shares, worth $ 351 million and another 250,000 shares, worth $ 259 million. indirectly through the AJG Growth Fund.
He has been a member of the Tesla board since May 2007, his term expiring in October. Known as a close friend of Ella Musk, CEO of Tesla, Gracias is a director of SpaceX and was a director at SolarCity until its acquisition by Tesla in 2016.
source: News.ro, photo source: Ilona Andrei / G4Media.ro
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