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May 19, 2017
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Jerome Guillen, a longtime Tesla employee or oversaw numerous parts of the business, sold an estimated $274 million worth of shares in the automaker this month.



Reuters reported a Securities and Exchange Commission filing that shows Guillen sold 215,718 shares for $129 million on June 15, 145,289 shares worth $89.6 million on June 14, and 90,111 shares worth $55 million on June 10.



Guillen’s last day at the company was June 3. He has spent the previous three months as president of the Heavy Duty Trucking division.



Prior to that, he had important roles across the business. He ran the company’s entire vehicles business as president of Automotive, vice president of Trucks, and vice president of Worldwide Sales and Service. He reported directly to Chief Executive Elon Musk for a...

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Green46

Member
Jun 19, 2015
42
272
Dubai
Reporting directly to Elon must be extremely difficulty. Especially when you have several hundreds of millions just waiting to be cashed/excercised.

Not sure I would have lasted that long in there under those circumstances. Actually I'm pretty sure I wouldn't have.
 

TarmacSurfer

Member
Jun 4, 2021
31
19
Behind the Orange Curtain
It’ll probably dip due to increasing competition by big, established automakers although the “long game” is likely that it (and everything else) will float up simply due to inflationary effect and currency devaluation. Also keep in mind that most automakers are experiencing massive microchip shortages right now, which is restricting supply and driving prices up (and killing demand for new cars, which is why used car prices are through the roof).

Just my $0.02. Your mileage may vary. I wouldn’t be too averse to Tesla personally, especially based on one story. Heck, maybe he just wants money for his kids college or something… dunno. No, I don’t think TSLA is going to be a major moneymaker from a stock investing standpoint anytime soon (that ship has sailed) but it’s probably not going into the tank anytime soon either. People have been calling that for years and they have a lot of egg on their faces. Tesla is the real deal, getting better with time and is a real player now. They’re no longer a blip or an irritant to the established automaker world.
 

ATPMSD

Member
Mar 12, 2021
269
260
Atlanta, GA
Elon made his money on X.com and PayPal, which he used to fund Tesla. I am happy for Guillen who helped build Tesla. Maybe his cash out will also result in building something great.

 
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gigawatt1010

Member
Aug 21, 2016
499
487
Orange County, New York
I agree with what's been said so far. All good points. Especially the part where TSLA has already seen the massive increases and had levelled off. Sure, there will be peaks and valleys and it will still slowly rise over the long term, but it won't be as exponential as the $17 per share it IPO'd with to technically $3k per share if you don't account for the split, in roughly 10 years - I'd those exponential growth days are gone.

Unless of course Musk surprises everyone next week with a driverless Tesla, successfully driving from NYC to LA in full autonomous glory. That should push the stock to about $10k per share. LOL
 

RobDickinson

Active Member
Jun 23, 2019
1,151
2,308
New Zealand


Vested stock options​

If you have vested stock options (incentive stock options (ISOs) or non-qualified stock options (NQSOs)) that you have not exercised, you may have the opportunity to do so before you leave the company or within a defined period of time after your departure from the company. If you have incentive stock options, you will generally be able to exercise your shares up to 90 days after your final day with your previous employer. Equity plans may also allow for a longer period upon separation with the company for ISOs, although they will lose their “qualified” status and potentially favorable tax treatment. Non-qualified stock options may be more flexible, although you’ll need to review the terms as outlined in your company’s equity plan.


Silverman said of the former exec, “He may have had a narrow window of time to exercise his options or forfeit them. It could have been a use-it-or-lose-it situation that made him decide to buy and sell so much now. He’s also not an insider any more. So he may not feel comfortable having that much exposure to the stock. That’s not entirely unusual. If you’re not an insider, you’ve lost your information edge.”
 
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wilson.jiwutan

New Member
Jun 22, 2021
1
0
California
I agree with what's been said so far. All good points. Especially the part where TSLA has already seen the massive increases and had levelled off. Sure, there will be peaks and valleys and it will still slowly rise over the long term, but it won't be as exponential as the $17 per share it IPO'd with to technically $3k per share if you don't account for the split, in roughly 10 years - I'd those exponential growth days are gone.

Unless of course Musk surprises everyone next week with a driverless Tesla, successfully driving from NYC to LA in full autonomous glory. That should push the stock to about $10k per share. LOL
Nah. Even if that trip in full automated way happened, people are going say "it happened in such a specially curated circumstance that can't reliably reproduce in daily life...". We are just going to see TSLA in whatever level it is, in whatever ways people interpret.
 

zecar

Member
Nov 30, 2017
419
289
Chicago
My $0.02 - long term capital gains taxes will likely be much higher in 2022.
Plus he had no diversification. By selling he can essentially be sure he has a couple hundred million for the rest of his life. Anyone with over 50% of their wealth in TSLA doesn't understand the difference between investing and gambling
 

Yapa Drive

Member
Dec 17, 2019
27
63
Silverton, Oregon
Sales of this size are often scheduled to avoid accusations of insider trading. You don’t have to be employed to run afoul of insider trading laws. There are additional significant details in the full length CNBC article that points to a sudden unplanned exit. Had he stayed 2 more days another $700,000 stock units would have vested. Even with a $274 million sale of shares that’s still a lot of money. The language of the Tesla announcement was neutral even almost boilerplate. He left $442 million in unvested stock options. That’s where I say Wow.
 

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