Tesla chief executive officer Elon Musk will purchase company stock worth $20 million in the next open trading session, the electric carmaker said in a filing on Wednesday.

The news comes weeks after Tesla and Musk agreed to each pay a $20 million fine as part of a settlement with the Securities and Exchange Commission.

Tesla said the purchase is “separate and apart from the settlement” between Musk, Tesla and the SEC.

Separately, the company’s VP of manufacturing, Gilbert Passin, has departed, Business Insider reported Wednesday, citing a source familiar with the situation.

The company has lost a number of high-profile executives in the last few months, as it wrestles with production and delivery bottlenecks for its mass-market Model 3 sedan. Tesla is banking on the Model 3 to turn a profit.

Tesla did not respond to a request for comment.

Also on Wednesday, Tesla said in a Chinese social media post that it has signed an agreement with the Shanghai government for a 214-acre plot of land to build its first overseas Gigafactory.

The land agreement marks a key step toward the firm making cars locally in China for the fast-growing market, even as tariffs imposed by Beijing on US-made goods have caused it to hike prices of its imported models.

Shares of the company were down 2.1 percent after gaining as much as 2.2 percent earlier in the day.