Kimbal Musk, billionaire Elon Musk’s younger brother, sold Tesla shares worth $25.6 million shares on Tuesday, according to filings registered with the Securities and Exchange Commission.
He sold 30,000 directly owned shares at an average price of $853 per share, the filings showed. The 48-year-old, who is a Tesla board member and restaurateur, still holds 599,740 shares in the company, worth roughly $483 million.
Tesla’s shares rose 743% in 2020 and are up about 14% so far in 2021.
Separately, Tesla audit committee member Antonio Gracias sold 150,747 shares in the electric-car maker at an average price of $845.36 on Tuesday, according to another filing. But Gracias replaced these positions by purchasing 150,747 call options that expire in June 2022 and 2025, with exercise prices of $52.38 and $68.56. Gracias, a board member who also serves as the chairman and CEO of Valor Equity Partners, owns 1.3 million shares in Tesla via the AJG Growth Fund, the filing showed.
Follow any of the suitable options to apply and get further job updates:
You can Check and apply on http://career.postaresume.co.in
Subscribe to our job update now: https://www.postaresume.co.in/blog/jobupdates
Join our Telegram group: https://www.postaresume.co.in/telegram
Join out whatsapp group: https://www.postaresume.co.in/whatsapp
Please follow us: https://www.facebook.com/postaresume
Team POST A RESUME
Pl. Note: This is free Recruitment Service. We do not take any charges from candidates before or after taking our services. Plz do report us if anyone is asking for any fees or charges on our behalf. Regards. www.postaresume.co.in