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Former Tesla Australia director sentenced for insider trading

A car park filled with Tesla cars.
Photo: Getty Images

Kurt Schlosser used confidential information to purchase 86,478 shares.

Kurt Schlosser, the former Tesla Motors Australia Pty Ltd (Tesla Australia) director, was sentenced earlier this month after pleading guilty to two insider trading offences.

In his role as country director, Schlosser was informed of a confidential, in-principle agreement that Piedmont Lithium Ltd, which is listed on the Australian Securities