Former Tesla Motors Australia director sentenced for insider trading (ASIC, 2023)

Judgment entered

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In March 2023 former Tesla Motors Australia director Kurt Schlosser was sentenced to two years and six months' imprisonment, released on recognisance, after pleading guilty to two insider trading offences involving Piedmont Lithium shares.

The record

What was ordered

Civil penalty

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Disgorgement

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Prejudgment interest

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Total relief

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Alleged gain

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A dash means the release did not state a figure we could extract, not that the figure is zero. Penalty and disgorgement are stored separately so aggregates across the library do not double-count the same dollars.

What is alleged to have happened

The Australian Securities and Investments Commission announced the sentence on March 20, 2023 as release 23-071MR; he was sentenced on March 17.

As Tesla Australia's country director, Schlosser learned of a confidential in-principle lithium supply agreement between Tesla and Piedmont Lithium, bought 86,478 Piedmont shares and passed the information to a friend.

The record previously showed no outcome.

For the regulator's own account of the facts, read the primary document linked above. This page deliberately summarises the structured record rather than reproducing the release.

What technique is this, and how does it work?

This action is tagged with one technique in our taxonomy. The tagging is ours: regulators charge statutory provisions, not technique names, so the mapping is an editorial judgement described in our editorial policy.

• Insider trading — see how it works, what statute it engages, and every other action tagged the same way.

Timeline

1. 2023-03-20 ASIC media release

Primary documents

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• ASIC media release

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Same matter

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This grouping is the library's, made by matching names, techniques, dates and citations when the site is built. It is not the regulator's or a court's determination that the records are one case, and it errs towards missing a link rather than making a false one.

Related actions

Other actions in the library sharing at least one technique tag with this one.

Record added September 10, 2026. submit a correction.