Tesla Stock Tests Key Resistance Level As Former Top Executive Divests 1.14 Million Shares
Tesla is looking to make a move above a key resistance level after gaining more than 15% this week following first-quarter earnings. Drew Baglino, who served as senior vice president of powertrain and energy at Tesla, sold 1.14 million TSLA shares for around $181.5 million, according to SEC filings Thursday. Baglino announced on April 15 via a post on X, formerly Twitter, that he had decided to leave Tesla.