The Securities and Exchange Commission is investigating whether recent stock sales by Tesla (TSLA) CEO Elon Musk and his brother violated insider trading rules, Dave Michaels of Wall Street Journal reports, citing people familiar with the matter. The investigation began last year after Kimbal Musk brother sold shares of Tesla valued at $108M one day before Elon Musk polled Twitter users asking whether he should sell 10% of his stake, Michaels says. One question for regulators would be whether Musk told his brother about his upcoming tweet or about the timing of his sales before Kimbal Musk traded on November, securities lawyers told the Journal. Shares of Tesla are down $1.24 to $762.80 following the report.
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