– Elon Musk Tesla’s younger brother, Kimbal Musk, has sold 30,000 Tesla shares (approximately 28.3 billion won), a major US media reported on the 11th (local time).
Kimbal is the director of Tesla and also runs a kitchen restaurant, a food service company.
According to a report from the US Securities and Exchange Commission (SEC), Kimbal sold about 5% of his Tesla stock on the 9th for an average of $852.12. According to US media such as Marketwatch, Tesla’s share price fell after Kimbal’s stock sale. Tesla’s stock price continued to decline on the 10th, and on the 11th in the New York market, Tesla’s stock ended at $811.66, up 6.84 dollars (0.85%) from the previous day.
Even after selling 30,000 shares, Kimbal’s Tesla shares amount to 590,740 ($483 million, 534 billion won). Over the past year, Tesla’s share price has risen 743%, and this year it has risen another 14%.
Another Tesla director, Antonio Gracias, also bought 150,000 call options after selling 15,747 shares of its stock for an average of $845.36 per share. The call option expiration and strike price are $52.38 in June next year and $68.56 in June 2025, respectively.
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