Home » today » Business » Musk’s younger brother sells 28.3 billion won worth of Tesla stock-Cheonji Ilbo

Musk’s younger brother sells 28.3 billion won worth of Tesla stock-Cheonji Ilbo

[천지일보=이지솔 기자] Kimbal Musk, the younger brother of Elon Musk, the CEO of Tesla, an American electric vehicle company, sold 28.3 billion won worth of Tesla shares.

According to the US economic media Business Insider on the 11th, Kimbal, a director of Tesla and the owner of a kitchen restaurant at a restaurant, sold 30,000 shares of Tesla stock worth $25.6 million (about 283 billion KRW).

According to a report by the US Securities and Exchange Commission (SEC), Kimbal sold Tesla shares on the 9th for an average of $852.12 per share. The amount sold is equivalent to 5% of the stake.

Kimbal currently owns 590,740 shares of Tesla stock worth $483 million (approximately 534.58 billion won).

Tesla’s stock price rose by 743% per year last year, and then rose by 14% until this day. As of the 10th, the Tesla closing price is $804.82.

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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