15 days ago • Posted by FlowBank
Kimbal Musk, Elon’s brother, just closed a $7 million trade in Tesla stock
Sometimes it's good (always?) to be the younger bro of the richest man in the world.
Kimbal Musk acquired shares through options and sold them the same day at an average price that was $600 higher than what he paid for them.
He still owned 599,740 common shares of Tesla after the stock sales, which at current prices were valued at about $414.7 million. He also beneficially owned options to buy 197,250 shares.