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AAP
AAP
National
Miklos Bolza

Ex-Tesla head guilty of insider trading

lithium Piedmont Tesla Inc.
An ex-Tesla director gained almost $30,000 from insider trading by buying shares in a lithium firm. (Dan Peled/AAP PHOTOS) (AAP)

A former Tesla Motors director profited almost $30,000 from insider trading by acquiring shares in a lithium firm before it cemented a deal with the electric vehicle manufacturer.

At Downing Centre Local Court on Tuesday, Kurt Mathias Schlosser pleaded guilty to two counts of insider trading after purchasing more than 86,000 shares in Piedmont Lithium on September 16, 2020.

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