Tesla board member sold more than $200 million in stock while the EV maker traded near record highs

• A Tesla board member exercised 370,000 options at about $50 apiece on Wednesday, SEC filings said.
• Ira Ehrenpreis then unloaded 203,429 shares at more than $1,000 apiece, the filings said.
• Another departing member announced a sale of more than $600 million in stock, Reuters reported.

A Tesla board member unloaded more than $200 million in stock this week as the electric-vehicle maker’s shares traded near record highs, according to documents filed with the SEC.

The documents were first reported on by Reuters.

The sales came as the stock surged, notching its biggest monthly gain in nearly a year, following strong Q3 earnings.

Ira Ehrenpreis, of DBL Partners, who joined the board in 2007, exercised options for 370,00 shares on Wednesday, one document showed. He paid $50.14 apiece for 120,000, and $52.38 apiece for another 250,000, the filing said.

He then sold 203,429 shares in more than 30 transactions, which spilled over onto another filing. His sale prices ranged from about $1,030 per share to about $1,065 per share, the filings said.

Ehrenpreis held onto 190,335 shares, worth about $212 million at Friday’s close.

Antonio Gracias, a departing board member, also notified the SEC on Wednesday of a planned sale of more than $600 million in stock, Reuters reported.