Elon Musk’s brother sold his Tesla shares
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The stock package was valued at $ 25.6 million.
Elon Musk, along with four businessmen, founded the company in 2003.
Frederic J. Brown / AFP
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February 12, 2021, 12:46 pm
The most mediatic of the Musk brothers, Kimbal, yesterday sold a package of shares of the Tesla company. This was reported by the United States Securities and Exchange Commission where it reported that the youngest of the family got rid of a total of 30,000 titles at a price of $ 852.12 per share.
This is not the first time that Kimbal Musk has made the decision to divest from participation shares in Tesla. Throughout 209, it sold a total of 64,285 titles of the most prestigious company that manufactures electric cars. This represents only 5% of its total holdings, so it still maintains its position in Tesla and Space X.
(You may be interested: Bitcoin exceeds USD $ 48,000, after Tesla’s bet on cryptocurrency)
The announcement comes in the middle of the company’s golden age. During 2019, Tesla shares grew 743% and this year they are up 14%.
Kimbal Musk has shown great interest in the world of food, where he has invested heavily in urban farms, restaurants, and school gardens.
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