Elon Musk’s younger brother, Kimbal Musk, who is also a board member at Tesla, has sold his $25.6 million of shares within the company, the US Securities & Exchange Commission’s filing showed.
On February 9th, Kimbal Musk, 48, sold 30,000 shares for the acreage cost of $852.12. The company’s shares had fallen 5.3% on Wednesday, which closed at $804.82%. Last year in 2020, Tesla had risen 743% and has gone even higher in 2021 to 14%.
The deal had lessened his holding to 599.740 Tesla shares, rounding up to $483 million.
The Musk brother is also the CEO and co-founder of The Kitchen Restaurant Group.
Image by: Ivan Radic