With only two weeks to the release of the electric vehicle manufacturer's quarterly results, Tesla CFO Zachary Kirkhorn sold a small number of shares.
Kirkhorn sold 3,750 Tesla shares that were part of his option award and had become vested.
The sale followed the 10b5-1 regulations that were put into effect in July 2022.
Insiders of a corporation are permitted to set up a trading plan under the SEC's 10b5-1 rule.
The idea was to sell equities at set prices and times without drawing regulatory attention.
According to the report, Kirkhorn sold $1.05 million worth of stock overall on Wednesday.
The filing also revealed Kirkhorn's sale of 7,403 shares for $1.60 million on 6th June.
On June 5, 3,750 shares were worth $816,337.50, while 3,751 shares were worth $610,287.32.