Kimbal Musk sold Tesla Inc. shares a day before his brother, Chief Executive Officer Elon Musk, launched his now infamous Twitter poll. Kimbal, 49, who’s a Tesla board member, sold 88,500 Tesla shares on Nov. 5, according to a filing on Monday after the market close. The shares sold represented about 15% of Kimbal’s equity stake, excluding options. Elon Musk proposed selling 10% of his Tesla stock on Twitter Saturday, saying he would “abide by the results of this poll, whichever way it goes." Tesla shares slumped after the poll, closing down the most in five months.

Source: Mint November 09, 2021 16:47 UTC