Kimbal Musk sold Tesla shares the day before his brother asked Twitter if he should sell
The US Securities and Exchange Commission is investigating whether recent stock sales by Elon Musk, the CEO of Tesla, and his brother Kimbal Musk “violated insider trading rules”, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
According to the report, the investigation began last year after Kimbal sold shares of the electric carmaker valued at $108m, a day before Musk polled Twitter users asking whether he should offload 10% of his stake in Tesla.
Continue reading...source https://www.theguardian.com/technology/2022/feb/24/elon-musk-brother-under-investigation-insider-trading
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