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Elon Musk’s Brother Sold $109 Million in Tesla Stock Ahead of Poll
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Kimbal Musk sold Tesla Inc. shares a day before his brother, Chief Executive Officer Elon Musk, launched his now infamous Twitter poll.
Kimbal, a Tesla board member, sold 88,500 Tesla shares on Nov. 5, according to a filing that day after the market close. He sold the stake at an average price of $1,229.91 per share via JPMorgan, the filing says. That amounts to about $109 million. The shares sold represented about 15% of Kimbal’s equity stake, excluding options.