Musk’s Younger Brother Sells $25.6 Million of Tesla Shares
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Kimbal Musk, the younger brother of Elon Musk and a Tesla Inc. board member, sold $25.6 million of shares in the electric-car maker, according to a filing with the U.S. Securities & Exchange Commission.
The 48-year-old sold 30,000 shares on Feb. 9 at an average price of $852.12, according to the filing. Tesla shares dropped 5.3% Wednesday to close at $804.82. Tesla soared 743% in 2020 and is up another 14% this year.