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Tesla Director Nets $5 Million After Cashing In Stock Options This Week

It turns out that Ballie Gifford isn’t the only one unloading shares of Tesla near all-time highs. And if you keep asking yourself why Tesla’s Board of Directors doesn’t seem to weigh in much on Elon’s (or the company’s) behavior, we might have your answer.

It was disclosed late Wednesday night that Tesla Board member Kathleen Wilson-Thompson exercised an option to buy 12,500 shares at $44.95 and then turned around and sold them immediately at more than 10x that price.

After selling at an average weighted price of about $451.48, according to MarketWatch, the sale likely netted Thompson slightly over a cool $5 million. 

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