Former Tesla executive Drew Baglino, who announced his resignation earlier this month, sold shares in the electric vehicle company worth around $181.5 million, according to a filing on Thursday with the SEC.

Baglino, who joined Tesla in 2006, is selling about 1.14 million of his shares, the filing said, listing an “approximate date of sale” of April 25, and describing it as an exercise of stock options.

Tesla announced on April 15 that it’s laying off 10% of its global workforce, following a drop in first-quarter deliveries and a steep slide in the stock price. That day, Baglino and fellow company veteran Rohan Patel said they were leaving the company.

Baglino announced his departure in a statement posted to X.

“I made the difficult decision to move on from Tesla after 18 years yesterday,” he wrote. “I am so thankful to have worked with and learned from the countless incredibly talented people at Tesla over the years.”

Baglino began as an engineer and climbed the ranks, most recently serving as senior vice president of powertrain and energy engineering, a job he’d held since 2016. Reporting directly to Musk, Baglino was seen as the unofficial chief of operations by many colleagues.

Prior to the latest sale, Baglino had unloaded about $4 million worth of shares in two transactions this year — one in late February and the other in early April, filings show. In each case, he sold 10,500 shares, exercising stock options in both.

During earnings calls and other major company events, including a presentation of Tesla’s “Master Plan part 3” in the spring of 2023, Baglino had become a familiar voice and face to shareholders, often discussing mining, battery manufacturing and performance.

Baglino didn’t respond to requests for comment. Tesla also didn’t provide a comment.

Baglino’s resigned as Tesla appeared to embark on a major strategic shift.

Musk said on the company’s earnings call this week that while Tesla still intends to produce affordable, new model electric cars in 2025, investors should focus more on Tesla’s “autonomy roadmap.” Tesla said it plans to unveil a robotaxi, or CyberCab, design on Aug. 8.

Musk also touted Tesla’s investments in AI infrastructure and the company’s potential to finally deliver self-driving vehicle technology, robotaxis, a driverless ride-hailing service, and a “sentient” humanoid robot. He even told doubters to stay away from the stock.

“If somebody doesn’t believe Tesla’s going to solve autonomy, I think they should not be an investor in the company,” Musk said on the call.

Tesla’s share price, which was down about 40% for the year prior to the earnings report, jumped 18% in the two trading days after Musk’s commentary, closing on Thursday at $170.18.

Bernstein analyst Toni Sacconaghi is among the skeptics. In an interview with CNBC’s “Squawk on the Street,” Sacconaghi questioned whether the affordable EVs Musk promised will “really be new models, or tweaks on existing models.” He also said that competitors, notably Waymo, already have robotaxi services on the road, while Tesla is still grappling with autonomous vehicle research and development.

Tesla reported a 9% drop in first-quarter revenue, its steepest year-over-year decline since 2012, due to declining demand and increased global competition. The company also reported a 55% drop in net income in the quarter.

While Musk said he expects the second quarter to be better than the first, the company hasn’t issued guidance for the year.

At the end of the earnings call, Martin Viecha, Tesla’s vice president of investor relations, announced that he, too, was resigning.

WATCH: Tesla and Musk fans have an optimistic outlook

Alphabet shares shot up 10% Friday morning after the company posted better-than-expected first-quarter results and greenlit its first-ever dividend and a $70 billion buyback.

The company on Thursday reported revenue of $80.54 billion, a 15% increase from a year earlier and the fastest growth rate since early 2022, surpassing the $78.59 billion in sales expected by analysts polled by LSEG. Earnings of $1.89 per share eclipsed the $1.51 in earnings per share expected by Wall Street.

Alphabet announced that its board authorized a dividend of 20 cents per share to be paid on June 17 to all shareholders of record as of June 10, and said it intends to pay future quarterly cash dividends. The company said the board also approved the repurchase of an additional $70 billion in stock.

The company exceeded analysts’ expectations for YouTube advertising revenue and Google Cloud revenue.

Barclays analysts maintained an overweight rating on Alphabet stock and lifted their price target to $200 from $173, lauding the company’s balancing of investment with efficiency and capital returns.

“Google is in the sweet spot of accelerating growth, expanding margins while shipping product faster, and returning capital — basically proving the naysayers wrong,” they wrote in a Thursday note. “The momentum should stay strong for a while here.”

Analysts at Oppenheimer keyed in on Alphabet’s accelerating advertising business despite its substantial spending on artificial intelligence, raising their price target to $205 from $185 and reiterating an outperform rating.

Morgan Stanley analysts, retaining their overweight rating of Alphabet, hiked their price target to $195 from $165, citing the company’s core growth durability and “early success durably reengineering the cost base.”

Among other price target boosts for the stock following Alphabet’s earnings, JPMorgan increased its price target to $200 from $165, while Evercore ISI upped its target to $200 from $160.

— CNBC’s Michael Bloom contributed to this report.