- Shares worth $25.6 million in the electric-car market, Sold by Kimbal Musk
- Despite selling this many amounts of shares, he still owns 599,740
- Along with Kimbal Musk, Antonio Gracias a Board Member of Tesla Group sold 150747 shares and replaced them with the call option.
Kimbal Musk, Brother of the tech billionaire Elon Musk, for $853.6 per Share sold 30,000 shares which he directly owned. Shares were sold on Tuesday as per the filling registered at the Securities and Exchange Commission.
In the year 2020 Tesla’s Shares rose to 743% and are still in 14 % profit so far in 2021.
The Chef, Entrepreneur, and restauranter, Kimbel Musk owns a series of restaurants located at various locations. He still owns 599,740 shares in the company, worth roughly $483 million, even after selling $25.6 million shares.
Other than Kimbal Musk, Antonio Gracias also sold 150,747 shares on the same day that roughly worth 127.4 million, according to another filling. Other than selling these Shares he bought 150,747 call options that will expire in mid-2025. Antonio Gracias is also a board member, serving as the CEO and chairman of the Valor Equity Partners, Gracias owns 1.3 million shares at Tesla.
According to Bloomberg, the total of Tesla insiders and executives hold around 19.6% stakes in the company.
For more news and updates make sure to subscribe to News.Oyprice down below.